My Life as a Bank Officer

@praneethreddy5 said:
We want to hear these words even after you join a bank. Scenario there is completely diff and u will sirely repent if you are really sacrificing Infosys for mere a bank PO.
@2013IsMine said:
Ibet u will
@praneethreddy5 said:
Ibet u will
Totally depends on your interest, your exp and comittment!...
@2013IsMine said:
Totally depends on your interest, your exp and comittment!...
Yeah right, absolutely bt bank wont give a scope for all those frnd. U will learn everything if u enter it once. We are all exp bankin puys exhausted. All the best. Am jus saying this for your sake, If banking is ur dream den join it or else blindly reject. This is my humble req or else
Hi Guys ,
I am posting my experience as a Bank PO after completing 2 years in banking industry.
Looking at some queries from guys who are working in it organisation
like Infosys,TCS etc. I myself is an ex-Infoscion and have worked
there for 2 years and then joined as a Bank PO in BOB.
For first one year I felt that I made a mistake to join a Bank but
now I am fully satisfied with my job. Working in an IT company and
didnt doing the kind of work you are expecting was bringing my
frustration level to the peak and upon all that the salary which they
mentioned as CTC for all of us working here are merely a nightmare in
comaprison to what we use to get in hand. Than I decided to wrote a exam
and got selected in BOB.Obviuosly the first one year was bit challenging and requires long sitting too by doing similar kind of work but believe me it will make you all able to understand the overall picture of how banking happpens. In terms of monetary thing the pay scale is pretty much decent including perks and will going to revise in 2014. So if you guys opting for a banking career than its not a bad place to work, it will give immense opportunity to devlope your interpersonal skills and you can give time to your family as well. No job is good or bad...
@abhay12 said:
Hi Guys ,I am posting my experience as a Bank PO after completing 2 years in banking industry.Looking at some queries from guys who are working in it organisation like Infosys,TCS etc. I myself is an ex-Infoscion and have worked there for 2 years and then joined as a Bank PO in BOB.For first one year I felt that I made a mistake to join a Bank but now I am fully satisfied with my job. Working in an IT company and didnt doing the kind of work you are expecting was bringing my frustration level to the peak and upon all that the salary which theymentioned as CTC for all of us working here are merely a nightmare incomaprison to what we use to get in hand. Than I decided to wrote a examand got selected in BOB.Obviuosly the first one year was bit challenging and requires long sitting too by doing similar kind of work but believe me it will make you all able to understand the overall picture of how banking happpens. In terms of monetary thing the pay scale is pretty much decent including perks and will going to revise in 2014. So if you guys opting for a banking career than its not a bad place to work, it will give immense opportunity to devlope your interpersonal skills and you can give time to your family as well. No job is good or bad...
Ur comments suggests tht u are unaware of things in a bank environment. If you admire to be a PO go for it bt dont try to rub on others for satisfying your intent. Pay revision is due fr nov12 and will take place this year for sure bt not 14.
Giving time to family is a cracking joke.
If you want to make up mind for yourself do tht bt dnt try to rub rubbish on others.
I can surely say tht u r not at all a banker.
Banking is really nt a bad place to work bt a worst one I can say. I will give the contact numbers of nearly 30 of my colleagues and will bow down if atleast one of them say tht its the best environment and I really want to settle in a bank.
@praneethreddy5 said:
Ur comments suggests tht u are unaware of things in a bank environment. If you admire to be a PO go for it bt dont try to rub on others for satisfying your intent. Pay revision is due fr nov12 and will take place this year for sure bt not 14.Giving time to family is a cracking joke.If you want to make up mind for yourself do tht bt dnt try to rub rubbish on others.I can surely say tht u r not at all a banker. Banking is really nt a bad place to work bt a worst one I can say. I will give the contact numbers of nearly 30 of my colleagues and will bow down if atleast one of them say tht its the best environment and I really want to settle in a bank.
guys, can u plz comment about the promotion aspects in nationalised banks??? like I heard that a PO gets 1st promotion after 3 yrs, and within 9 yrs he boceomes the branch manager, is it true in all the banks case??one of my frnds father is the regional manager in UBI, he earns 60k /PM after working for 25 yrs...its really low as compared to IT industry. isnt it??????????
@saikatha said:
guys, can u plz comment about the promotion aspects in nationalised banks??? like I heard that a PO gets 1st promotion after 3 yrs, and within 9 yrs he boceomes the branch manager, is it true in all the banks case??one of my frnds father is the regional manager in UBI, he earns 60k /PM after working for 25 yrs...its really low as compared to IT industry. isnt it??????????
I am always frank about bnkin and even now. yes promotion aspects are good in banks nw as there are lot of retirements going to happen at higher level, not for 9 years a wait of 4 yrs is enough to post you as Manager for a Scale2 branch, as you go up the cadre your work increases and pressure increases. At the time of joing everyone will look for fast growth and once we know the actual scenario many go reluctant to take promotions bcoz of weird postings and transfers.
We should condone bankig sector for the pay they give and the work they extract from us. Comapring with IT sector seems to be ridiculous and we cant compare it atleast with State Govt
pay scales.
@abhay12 said:
Hi Guys ,
I am posting my experience as a Bank PO after completing 2 years in banking industry.
Looking at some queries from guys who are working in it organisation
like Infosys,TCS etc. I myself is an ex-Infoscion and have worked
there for 2 years and then joined as a Bank PO in BOB.
For first one year I felt that I made a mistake to join a Bank but
now I am fully satisfied with my job. Working in an IT company and
didnt doing the kind of work you are expecting was bringing my
frustration level to the peak and upon all that the salary which they
mentioned as CTC for all of us working here are merely a nightmare in
comaprison to what we use to get in hand. Than I decided to wrote a exam
and got selected in BOB.Obviuosly the first one year was bit challenging and requires long sitting too by doing similar kind of work but believe me it will make you all able to understand the overall picture of how banking happpens. In terms of monetary thing the pay scale is pretty much decent including perks and will going to revise in 2014. So if you guys opting for a banking career than its not a bad place to work, it will give immense opportunity to devlope your interpersonal skills and you can give time to your family as well. No job is good or bad...
totally right what you mentioned in above post. CTC and what IT's pay you is completely different
@praneethreddy5 said:
I am always frank about bnkin and even now. yes promotion aspects are good in banks nw as there are lot of retirements going to happen at higher level, not for 9 years a wait of 4 yrs is enough to post you as Manager for a Scale2 branch, as you go up the cadre your work increases and pressure increases. At the time of joing everyone will look for fast growth and once we know the actual scenario many go reluctant to take promotions bcoz of weird postings and transfers.We should condone bankig sector for the pay they give and the work they extract from us. Comapring with IT sector seems to be ridiculous and we cant compare it atleast with State Govt pay scales.

Cognizant was paying me arnd 24k in hand in bangalore
IDBI will pay me arnd 35k in hand in bangalore and 8k lease for home with lunch factily of 250 per month...

Banking is way better than IT...
@2013IsMine said:
Cognizant was paying me arnd 24k in hand in bangaloreIDBI will pay me arnd 35k in hand in bangalore and 8k lease for home with lunch factily of 250 per month...Banking is way better than IT...
considering u as a PA in cts, yes its true that u wl get 24k, and a bonus of around 25k in march. also its 5 day job, rarely we come to office on saturday....so if u want to go fr cat or any govt service prep, then cognizant is better as it is less hectic than any bank....
@saikatha said:
considering u as a PA in cts, yes its true that u wl get 24k, and a bonus of around 25k in march. also its 5 day job, rarely we come to office on saturday....so if u want to go fr cat or any govt service prep, then cognizant is better as it is less hectic than any bank....
that bonus of 25 k when divided by 12 is approx 2k more...so 26k ,...still way less..and my seniors are crying for promotion...after wroking so hard , one of my senior still got 2nd bucket..he was so diappointed that frm dat day hez bunking the office, doing minimal work and preparing for bank exams!..after arnd 3 years of expeirnce...theri ctc is a meagre 3.75!!..with onnly 1-2 prmotion every year out of 30 members!...
@2013IsMine plz check your PM, and reply plz..
@saikatha said:
considering u as a PA in cts, yes its true that u wl get 24k, and a bonus of around 25k in march. also its 5 day job, rarely we come to office on saturday....so if u want to go fr cat or any govt service prep, then cognizant is better as it is less hectic than any bank....
The thing is IT conditions are still gloomy out there, and if the situation doesnt improve in 3-4 years to come, Banking will easily overtake IT and again will become the top job creator as it was long time back!...and after 3-4 years, after the wage revision and all.. , people will come running for bank po job and they will close the recruitment and it would become too hard to get bank jobs then!....but again i would say a guy with talent and interest in a particular field can never get affected by any recession or anything, in my case, i had minimal interest in coding and especially on mainframes and cobol, !!

Here is my experience

I joined a PSU bank 3 months back...BOB....I'm posted in one of their zonal offices....

My background being engineering from one of the Tier I colleges..I somehow thought IT was not my cup of tea after working in an IT company for 6 months as an internee and so decided to try something else...

I always had a plan of doing CFA/MBA 1-2 years down the line and wanted to get into core finance related jobs and never wanted to stay for more than 1-2 years in a PSU Bank which I had decided even before joining.There are a number of benefits of PO job over an IT which I'm sure most of you are aware by now like higher pay(atleast for initial 3-4 years), secure job etc.

Now that 10th bipartite settlement is already due, existing as well as new bank officers can expect atleast gross 30-35k salary component and other facilities like HRA etc (will be reimbursed by the bank). Now with RBI releasing new banking license guidelines, I'm sure there will be 5-6 new banks which will start operating from the FY 14-15. So, oppurtunities will be plenty in another 1-2 years and getting into niche banking areas like Treasury mgmt,Wealth management is also possible for those who have basic knowledge of banking along with a formal background in finance.

Coming to the risks involved in banks. I must caution all you guys aspiring to be bank officers, there are a number of risks involed in the job especially if you are in credit department as I have myself seen instances of senior bank officials charge sheeted by the bank in case of frauds and it is seen that the bank officer's intention was to cheat. But if your intension is not to cheat the bank and if you have followed all the laid down guidelines, nothing will happen to you expect may be a change in your branch which is normal.

Most of the PSU mid and top management is expected to retire in another 5-10 years. So if someone wants to make his career in banking, I guess joining a bank now would be very rewarding as getting promotions is easier compared to what it was 10-15 years back.

But one thing is that banking is a totally mundane job which may take time to get adjusted to the environment. And with the pressure from private banks, PSU banks are also asking their employees to go for marketing on a daily basis which may require the officer to be out of office for atleast 3-4 working hours. I have my very own colleagues who are working in my city who go for marketing on a daily basis. So I would advice all banking job aspirants to be aware of all these developments and accordingly take a decision.

PM me in case you have any specific doubts.

@2013IsMine said:
Cognizant was paying me arnd 24k in hand in bangaloreIDBI will pay me arnd 35k in hand in bangalore and 8k lease for home with lunch factily of 250 per month...Banking is way better than IT...
Pay wise your knowledge is better, bt realise one thing, its hell of job really in IDBI and there weird shift branches of IDBI in bangalore. Even u have to work on sundays beside giving everything for 6 days a week. Cognizant is very good wen compared to IDBI and other banks.
24k gets enhanced wen go for a change in job or if u get an Onsite offer, bt the 35k will get enhanced for a decade wen u will be at verge of loosing all fire. One thing to remind you, even SBI wont pay 35k andits jus a fake news abt 35k or else it would be including lease accomodation.
Kindly dont get into wrong info, you can contact me wen u need some thing credible abt banks,I have 2.5 yrs exp and wil giv you evry nook and corner abt banking.
@2013IsMine said:
The thing is IT conditions are still gloomy out there, and if the situation doesnt improve in 3-4 years to come, Banking will easily overtake IT and again will become the top job creator as it was long time back!...and after 3-4 years, after the wage revision and all.. , people will come running for bank po job and they will close the recruitment and it would become too hard to get bank jobs then!....but again i would say a guy with talent and interest in a particular field can never get affected by any recession or anything, in my case, i had minimal interest in coding and especially on mainframes and cobol, !!
Superb points buddy...completely agree with you!!!
P.S.- My situation is also similar as yours...MF
@praneethreddy5 said:
Pay wise your knowledge is better, bt realise one thing, its hell of job really in IDBI and there weird shift branches of IDBI in bangalore. Even u have to work on sundays beside giving everything for 6 days a week. Cognizant is very good wen compared to IDBI and other banks.24k gets enhanced wen go for a change in job or if u get an Onsite offer, bt the 35k will get enhanced for a decade wen u will be at verge of loosing all fire. One thing to remind you, even SBI wont pay 35k andits jus a fake news abt 35k or else it would be including lease accomodation.Kindly dont get into wrong info, you can contact me wen u need some thing credible abt banks,I have 2.5 yrs exp and wil giv you evry nook and corner abt banking.
I asked the guy working there ..this info is cuompletely authentic/...and dont give me that onsite and or swtich crap...i have seen my seniors suffering.....in cts...minimum 4 years of work exp is required to get an onsite chance..min 4!! and ctc after 3 years is 3.75 for many of my seniors are in my opnion are pretty good preformers...again if you are into sap, java and all...you can remain in IT...but for technology like mainframe, there is no scope at all!
@deepak1139 said:
Superb points buddy...completely agree with you!!!P.S.- My situation is also similar as yours...MF
yaa serisly..i had enough of that black and green screen!...was so pissed off that startd hating to even look at that dreadful screen which was all dark ,spreading the darkness in my life too!..:P
@2013IsMine said:
yaa serisly..i had enough of that black and green screen!...was so pissed off that startd hating to even look at that dreadful screen which was all dark ,spreading the darkness in my life too!..
Bhai dil ki baat keh di!!!!!!!! :-)