The number of private banks in India is rising, and so does the number of opportunities to work in them. It is a dream of many aspiring candidates to work in private banks because of their pay structure, facilities, and ease of competition as compared to public sector banks. You can contact top banking consultants in Dubai to have an overview of their hiring process.
Private banks offer multiple job profiles to the candidates such as Relationship Manager, Assistant Manager, Business Development Manager, Branch Manager, HR Managers, Clerks, and Probationary officers.
Candidates for these posts need to attain different educational degrees like MBA, CA, Graduation, Post-graduation, etc. These banks also give opportunities to freshers. Experienced and non-experienced candidates can apply for vacancies available in these private banks.
Private banks prefer Candidates who have a commerce background in high schools or graduations. Having specific computer skills is also an integral part of the overall hiring process in private banks.
How are probationary officers hired?
The overall hiring process of private banks is quite similar to public banks in India. The only difference is private banks prefer those candidates who have a finance background.
Eligibility of becoming a Probationary Officer in Private banks
Aspiring candidates must be aware of the requirements and essentials to become a probationary officer in private banks. The details I am mentioning below are relevant to becoming probationary officers.
- Candidates must be a graduate in any stream in any subject.
- They must have their certificate of bachelors from any recognized university. Awaiting graduates can also apply if they are in the final year or semester.
- The minimum age of becoming a probationary officer is 21 years. The maximum age is 30 years. Those who belong to backward casts get 3 to 5 years of relaxation.
- They must not have any criminal or civil offense records.
- Candidates need to attain at least 60% marks in graduation. But private banks allow 5% relaxation for backward caste candidates.
Exams candidates need to need to qualify
Every year private banks like AXIS, HDFC, ICICI announce vacancies for PO roles. ICICI Bank appoints candidates for Probationary officers only through Indian Nationals For Appointment of Young Professionals as probationary officer ICICI Bank recruitment process.
Whereas AXIS bank appoints Probationary officers through the Young Bankers program. Every private bank has its exam pattern and selection criteria. But the overall selection process is the same. Top banking consultants in Dubai can provide you with an overview of the Probationary Officer hiring process in private banks.
The Basic recruitment process of Probationary Officers
The overall selection process for Probationary Officers in Private banks consists of three phases starting from Prelims to the final interview round.
In preliminary examinations, candidates will have to give an objective test. The total points of this test are 200. Candidates will be allotted 2 hours for this test. The syllabus of this objective test is Quantitative aptitude, English language, Reasoning, and General Awareness. Candidates who cleared the cut-off marks are eligible to appear for the next round of selection i.e, mains.
In the main examination, candidates need to go through a descriptive test. In this test, they will need to write short, precise and formal letters. Also, they need to go through a comprehension test and logical reasoning test.
After qualifying for the main exam, candidates appear for the final phase. Those are group discussions and interviews. This is the most important phase of the overall hiring process of Probationary Officers.
The candidates must be aware of what private banks are looking for in them. In the interview process, they will try to assess if they have the qualities required for a post like Probationary officer. Here are some of the qualities private banks expect from an aspiring candidate.
- Candidates need to have in-depth knowledge of how the banking system and overall financial system works.
- Handling pressures in critical situations.
- Cooperative and friendly manner.
- Leadership and management qualities.
- Time management skills.
Private banks want to hire talented and skilled candidates who will facilitate their business growth. The whole group discussion and interview phase are of 50 marks. Candidates must present themselves in such a way in front of the board members that they possess the qualities to become good officers. They need to convince the board members that they will increase the bank’s revenue and help their business grow.
The final merit list will be prepared by each bank. Candidates who performed very well in the written examination and the interview will be hired. Top banking consultants in Dubai will help you understand how you can prepare yourself.
About probationary officers:
A probationary officer is appointed by private banks to handle the overall banking management of a branch. All the duties a probationary officer may need to perform in his career are discussed below.
- They need to perform some basic duties like maintaining customers’ savings and current accounts, clearing checks, issuing drafts and debentures, etc.
- Probationary officers also need to assign duties to their subordinates and check on their performances.
- Probationary officers also have to handle accounting, finance, marketing, handling investment, etc.
Working as a probationary officer in a private bank presents you with new challenges and opportunities every day. In this profession, you will gather knowledge about many kinds of work throughout your career. But this job requires a lot of paperwork and you can not afford to make any mistakes. So you need to be extremely responsible and vigilant for this job. To get more information about probationary officers, engage with the Top banking consultants in Dubai.