Thursday 18 May 2017

I Want a Job at SBI!

The State Bank of India (SBI) is the biggest Indian bank, of that there has been no doubt. But with the merger of five 'State Bank Of-' with the SBI itself (yes, they were always separate banks), the combined value of this entity (Rs 37 trillion in assets) makes it the 45th largest bank in the world.  



We have already talked about the benefits of a bank job and how to get it. But what are the jobs available in the SBI? Let's have a look. 

Probationary Officer (PO) 

Most banks put out notices about job opportunities through notifications in print; as most of us miss out on these when they originally appear, this means being on constant lookout on the large number of online job forums. Some trusted print mediums like the Hindu and the NDTV have also begun publishing details on the job vacancies available; just keep your eyes open.  

As we mentioned last time, the Probationary Officer posts are the ones with the most number of vacancies; for an illustration, in 2016, SBI held its PO exam for 2200 posts, while the 2017 edition was for 2313 vacancies. This year, the last date of applying for the exams (on the SBI website. Obviously) was March 5; the exam itself was held on April 29, 30 and May 6, 7. 

Special Management Executive 

Among the many career options related to finance, if you are a CA/MBA (Finance)/ Cost Accountant/ Company Secretary/ Post graduate in Finance, this is an opening for you. This year, SBI has 554 vacancies for this post; applications for the same are on till 18 May. 

Specialist Officer (SO) 

Remember what we said about SOs? Their recruitment for all these different posts however takes place at once; applications for the post of 262 wealth manager officer posts closed on April 10 of this year; similarly, May 12 will witness the closing of applications for the posts of business analysts and digital system architects (IT people) and chief accountants (cost accountants).  

Clerk 

Now they are not called that, but this is the SBI Clerical Recruitment; 10726 posts for Junior Associate (Customer Support & Sales; graduates in any discipline) and 3008 posts for Junior Agricultural Associate (graduates in Agriculture/ Allied activities)were available earlier this year, with the last date for the application submission being April 17.  

Not that this means much, but SBI announced, back in 2015, that they were also considering campus recruitments for contract jobs. Bottom line being, the jobs are all at SBI!


Tuesday 16 May 2017

What exactly is a Banking Job?

What is it about having a banking job? 

For some reason, the common public is enchanted with the idea of someone they know being a bank employee. They might be rich themselves, but a bank employee...well, 'she/he is set, no?' Demonetisation didn't help matters; the people might have fought and bad-mouthed all the bank personnel, but there was a grudging respect for those people on the other side of the counter.  



Moving forwards, banking jobs are only going to increase in importance and numbers; for all the talk of digital banking, the rural hinterlands will prefer being able to get their transactions done through a physical presence. Besides, it is not as if being a bank employee involves sitting in front of a screen from 9-5; while that is one part of the job, you can also be part of the bank as a lawyer or as a computer expert or a marketing executive. Why, even engineers are in the queue for a banking job! 

So, if you're interested in a banking job, then the first question is: just exactly what types of banking jobs are available?   

Probationary Officer (PO) 

The one which all banking aspirants start with. The big one is the IBPS (Institute of Banking Personnel Selection) held exam, the scores of which can help you land up in public sector banks; these include SBI, IDBI Bank, even the Karnataka-headquartered Syndicate Bank, and many others.  While the IBPS scores are used to get these jobs, it is also not a binding requirement; Lakshmi Vilas Bank (Private) recently closed applications for the online examination for the PO post. It did not require IBPS scores from the applicants. Similarly, Dena Bank (Government-owned) also closed applications for POs recently; it required applicants to give an exam, and based on their scores, were selected for a 12 month course at the end of which they would be offered the PO posts in the bank. It also did not require IBPS scores. Earlier this year, Bank of India called postgraduates to apply for filling 670 vacancies of Credit Officer and Manager; it too-you guessed it right-did not require IBPS scores. 

Specialist Officer (SO)

The thing about specialist officers is just that; there are many different types of 'specialist' jobs available. Also, while it will be advertised as, say, 1039 Specialist Officers, the bank may be looking for only 4 Economists. It works that way. So, the fine print has to be read a bit in detail. However, this indeed is one of the best backdoor entries to a bank job. For instance, Bank of Baroda indeed needed 1039 specialist officers. Among the fields they are looking for experts in, range from Agriculture Products Specialist to Law, from Data Analyst to Civil Engineers, from Marketing to Chartered Accountants. You can do the same job which you studied for, with the added positive of you being a bank employee. 

Customer Relationship Executive 


One of the most recent additions to the types of banking jobs, this can be one of the most-despised or the most-attractive banking job for you, depending on where you stand. You will be expected to interact with normal bank customers, make them aware of other products from the bank which can be of use of them, and eventually, make them buy into your pitch & product.  It is obviously not easy; at some banks, you will be able to sit in the confines of the office while at others, you will have to go out and talk to the client at their offices or factories. No matter which one you land up with, an ability to talk to people and befriend them is going to be the most important quality required. 


Monday 1 May 2017

Law Books

The law of our country is the Constitutional law of our country. All our rights, all our freedoms and all the security that we have is all within the Constitutional law of our country. Pen mightier than the sword? Definitely.

The most important part about our Constitution is that it is subject to changes. After all, our Constitutional law has to change with the times too. This also means that sometimes some citizens demand a change while some resist. Which provisions of our Constitutional law have provoked passions and dominated debates? Here are some of them:




Article 370

Whenever the conversation turns to Jammu & Kashmir, this Article from our Constitution always pops up. Why? Under Constitutional law, J&K is treated as an unique case, with the State Assembly of J&K deciding whether the provisions of the Constitutional law apply to the state. Except for Finance & Communications, Defence, Foreign Affairs, the state has the final say in the others. Over time however, laws and acts have been applied to the state in many respects, ranging from recovery of loans to inheritance of property by daughters. As of now, the most noteworthy aspect about it is the difficulty for non J&K citizens to buy property and settle there. 

Article 355

Under Article 355, our Constitutional law protects the Armed Forces (Special Powers) Act. Acording to this Act, when a specific state/ union territory is deemed to be 'disturbed' by the Governor of the said place, the Central government can send in armed forces there. Under AFSPA, the forces are empowered to arrest in the absence of warrants, shoot and kill after a mere warning,  and most importantly are provided with legal immunity for their actions. Present in Manipur and J&K, the law has been accused of being 'draconian' and of being abused.

Article 371A

Our Constitutional law has a special entry for Nagaland. Under this article, no law may apply to Nagaland if it interferes with religious & social practices, as well as customary law of the Nagas, and also with respect to ownership and sale of land in the state. This has also meant that the traditional practice of keeping women away from the decision making bodies has been maintained; the recent protests in the state were related with, among other factors, to the proposal of 33% reservation of seats for women in the muncipal bodies.

Article 356

President's Rule? This is that article from our Constitutional law which is responsible for it. Of course, while successive governments at the Centre have nudged here & there and helped to bring about change in the ruling government in a state, the courts have also acted to mak sure that this Constitutional law is not abused.