Saturday, 4 May 2013

PSU Banks Restricted to Hire from MBA Colleges Campus Recruitment

Bombay high court has restraining Central Bank of India from hiring from B-school campuses across India. This might have a huge implication for other banks as same thing should apply to them also.

This might come as good news for lacs of aspirants for appear for IBPS exams, which is conducted on All India level for filling various vacancies in PSU banks, as if, Banks are restrained to hire from banks, then these vacancies will be filled through IBPS exams.

M V Tanksale, chairman and managing director, Central Bank of India said his bank will appeal in Supreme Court against the Bombay High Court ruling that restrained the bank from recruiting MBAs through selection at campus. He added that the bank is picking up management graduates from campuses for specialised jobs under autonomy granted by the government, which is their owner.

Another top executive with a large public sector bank said while the high court verdict may have been in case of specific bank, it is going to have implications for other public sector banks also. The official added that the issue will be taken up with the Indian Banks Association.

Management institutes are the most preferred destination to recruit talent for the special posts in banks. With good talent available aplenty, the banks do not need to scout for talent elsewhere. Hence, banks prefer to go for campus hiring and pick students, especially from finance and marketing/strategy backgrounds.

"Being listed entities there is expectation to work with private sector efficiency. Public sector entities tend to get the residual talent from management campuses, so for us  it is quite a challenge to do a balancing act," a public sector bank official added.

While the court decision has been bank-specific, other banks have also followed the judgement. Shubhalakshmi Panse, Chairperson & Managing Director, Allahabad Bank said, "We were going to campuses till last year. But there has been some court case because of which we are now not allowed to hire from campuses. That is why we are recruiting through IBPS (Institute of Banking Personnel Selection)."

She added that till the final judgement comes, they will be recruiting through IBPS. IBPS is an organisation which helps client organisation recruit personnel for the various roles.

The Institute not only helps to identify talent to be sourced from the market through the recruitment process but also helps to identify employees within organizations with the necessary competencies to cope with roles and responsibilities.

Though management institutes have mostly completed final placement process, they are worried that this decision will affect their students in the coming period.

"Given the slump in the job market, public sector banks were offering good positions with decent packages for students. Now, it is going to be further challenging for students to find a secure job," said the placement head of a Mumbai-based business school.

Human resource consultants also explained that management students hopeful of getting placed with public sector banks would have to find other options. The senior official of a New Delhi based HR consultancy, who is involved in public sector recruitments said that government banks are preferred by students as they offer job security.

"While pay packages may not be very high, these candidates are comforted by the fact that these firms do not have a hire-and-fire policy. Especially when the job market is slow, these banks could have offered excellent career opportunities," the consultant said.

Source : Business Standard, 4th May 2013

28 comments:

Anonymous said...

apni bache ko sale isme daal dete honge..good decision by bombay hight court..hope supreme will do the same.

Anonymous said...

good commendable decision of bombay h.c..hope supreme court confirms it.campus recruitment nothing but an eyewash in name of talent.huge corruption takes place in name of campus selection.

Anonymous said...

Gud decision by h'nable bombay h.court.insaf abhi jinda hai dosto.

saubhik dey said...

bhai logo baise dekha jaye to PSU bank ko khud ki recruitment ki permission nehi dena chaiye ..lekin borada manipal school of banking ka jo scheme nikla hey is me to ultimate loss IBPS ki candidate ko hi hota hai to INDIAN BANKING ASSOCIATION ko iss pe rok laga na chaiye ...


saubhik dey said...

bhai logo baise dekha jaye to PSU bank ko khud ki recruitment ki permission nehi dena chaiye ..lekin borada manipal school of banking ka jo scheme nikla hey is me to ultimate loss IBPS ki candidate ko hi hota hai to INDIAN BANKING ASSOCIATION ko iss pe rok laga na chaiye ...

Anonymous said...

ye saare manipal and baroda ke management dono mil ke business chala raha, pata ni banking association ne permissn kyo diya, jhutha course chalane ke liye, itne management graduate bhatak rahe hai, or ye log isi nam pr loot raha hai

Anonymous said...

ye to bahut na insafi hogi ki hiring b'schools se hogi matlab kuchh dino me isme bhi FDI ka funda aa jayega. Ye hamari kendra sarkar desh ko bechne ke chakkr me hai.

Anonymous said...

Ab agar saare nationalised bank essi tarah Mgmt course karwaee or Fees k naam pr 550 Rs. le..BAnk of Baroda ki tarah...tb hamara kya hoga jo Waiting me Baete hai..IBPS II k result me..
Matlab IBPS nikaal kr koi faayda nahi...Ab ye Banks khud se Non-IBPS waalo ko Hire Karenge..Stipened k Naam pr 3000Rs denge..Course karwa kr fees lenge,,,Ab doobara 500 - 500 Ka form bharo or pass kr bhi gae toh 1 Saal fir padho....saala aadha jindagi beet gaya padhte padhte...Ab waiting IBPS II walo ko toh naukri do....

Anonymous said...

PSU banks saalo madarchodo agar tumhe aise he hire karna tha to kahe ka IBPS, bahan ke lundo hum saal saal mahnat kare aur maje le jaye MBA wale, karwana hai to unko bhe ibps conduct karwao. madarchodo tum log apne baccho ko mba karwate ho fer wahi se hire kar lete ho, tumhe pata hai tumhare bacche bahan ke land hai waise to
unka baab bhe IBPS na clear kar paye.


mararchodo band karo bhrstachaar kuttu mat khelo hamri zindgi se
mahi to tumhari maa chod denge madarchodo.

rajeev said...

taxpayer ke paise se chalne wale bank apni marzi se kisi ko bhi kaise select kar sakte wo bhi bina competetion ke?

Anonymous said...

kutte hai sare PSU Banks, mai to kahta hu in logo pe case kar dena chahye.

pahle 60% ka criteria daal dya.
ab mba wale baache hire kar rahe hai, hum abhi waiting me ke humara
number aye but ye saale IBPS ka dong kar ke MBA hire kar rahe hai.

kutte saale...

saubhik dey said...

avi yehh sabi manipal throgh management course ke khilap high court me case tokh dena chaiyee.

Rahul Agrahari said...

Good Decision by Bombay High Court...

Anonymous said...

kyn bhai..tere me talent h to koi b xam clr kr lega..aur nai h to aise hi bakchodiyan pelte reh jaega site pe..koi ni puchega..

Anonymous said...

Good Decision

Anonymous said...

hi friends,

student union bana kar ibps k against case karna chahiye ibps2 k qualifying candidate ko ignore ker k fir se exam k naya tamasha rachne se ye saf-saf pata chalta hai ki ye sare bank recruitment aur vacancy k nam per business kar rahe hai aur pehle se berozgar student ko mentaly harras to kar hi rahe hain sath hi sath unhe financially weak v bana rahe hai dusri tarAF khud moti rakam se apni pocket bhar rahe hai......

Dosto, 2012 me ugc net ne v kuch atpta proceru nikala tha aur qualifying candidate ko unqualified kar dya tha per students ne har nai mani aur ugc k against case kar dya aur finally faisala student k haq me raha,,,,

hame v kuch aisa hi karne ki zaroorat hai hum ek sath aa kar hi hum ek dusre k bhala kar payenge aise alag alag rah kar comment dene se kisi k bhala nai hone wala except ibps aur bank....

ibps quqlified candidate ko pehle preference de kar waiting list me se maximum candidate ko inhe job deni hi higi before conducting ibps 3...bcoz bank me avi vacancies bahut hai lakin fir v ye ibps po2 ko wait me dal ker po3 conduct karne k chakker me hain ............hume po3 per stay order lene chahiye jab tak k po2 k candidate ko job nai mil jati ..........ye sab sirf apni jebein bharne me lage hai bus her sal exam conduct karo .......... aur qualifying student ko waiting me dal ker fir un se paisa ayetho.......

is se achha to pehle k system tha agar pehle koi candidate qualify karta tha to waiting list se us ka selection 2 sal bad v ho jata tha lakin avi to banko aur ibps ne mil kar loot-mar macha rakhi hai aur govt. hai k ise ye kalabazari dekhti hi nai...............sale chor -chor mausere bahi.

per avi v hamare pas last hope hai supreme court so, plz guys unite and make a forum and do something for yourself and another.

thanx

Anonymous said...

Bt how and wat is the procedure....contact me at rahul_dev0612@yahoo.com im with you.

Anonymous said...

thanx for ur reply but firstly we need a common platform to come together against this injustice and then move forward to high court.......after considering all the pros and cons.
I am also a simple candidate like you but when we come together simple turns into special power........hum akele kuch nai kar sakte per sath aa jay to kam se kam in ki rato k neend aur din k chain to ura hi sakte hai.........

pehle karwa banate hai ........fir awaz uthayenge...........tab ja k insaf milega.........so, friends pehle apne jaiso ko aur joro jahan tak jor sakte ho.

Anonymous said...

hahah sai likha

Anonymous said...

m with u bro..lets make a community..plz all aspirants dnt behave like cows..v all together can bring a Revolution...n A SECURE JOB 2..:)

Anonymous said...

Guys, I have mailed at contact@ibps.in

All u r requested to send the same to IBPS.
Dear Sir,
I want to know from you that the Nationalized Banks which comes under the control of IBPS for recruitment purpose,
Are they authorized to recruit individually?
This is a BIG QUESTION and I am asking on behalf of all those students who are qualified in IBPS P.O 2 session 2013
and waiting for any further vacancies. I am one of them.
Because, Recently “Bank of Baroda” is recruiting for P.O 2013 with 300 vacancies for the post of P.O but in a way to
take exam, then all the qualified students will have to do a 1 year course in Banking and Finance and after completion, all
those will become P.O in the same Bank.
I am asking IS IT A JOKE?
If “BANK OF BARODA” is having 300 post vacant for PO then why they are not hiring from your wait listed candidate
IBPS P.O MT 2 / 2013.
Just to Earn Money Bank is making Fool of us and forcing us to do a course for 1 more Year paying 3.15 Lakh.
As per my knowledge, Bank of Baroda comes under IBPS for recruitment of P.O.
Sir, If one Bank succeed in hiring the candidates in this way, then all other banks will follow them and our future
will be ruined. And there will be no mean of giving and qualifying IBPS Exams furher.
Some of us are communicating to go through RTI(Right to information ACT) or CIC (Central Information Commission)
to file a complain against this.
Please Suggest some measures that we can take against this injustice.
Sir, This is totally injustice with all waiting candidates already qualified in IBPS PO 2.
Sir, I request you to please take some necessary action as soon as possible for our better future.

Your’s Faithfully

and reply me if u have mailed at rahul_dev0612@yahoo.com
thanx. i am also filing RTI on this matter. any body wants help then contact me at my mail given above.

Anonymous said...

Do you really think you deserve to be in scele 2 of bank.. You are speaking such an abusive language n you want to be a part of some high position in government. MBA students are much more capable than u in terms of language they speak. And you have
put 1year to get into ibps , think of those who have spent 2 years in MBA and whats their fault to be placed in psu (majority of them are capable thats wht they were placed) .So mr improve your language first and then comment on anyone else...

Anonymous said...

I concur tat.. psu needs people who can handle clients.. nd by d looks of tone nd language of people in this debate it makes sense not to give job opportunities to people like u.. psu banks ko badhana hai dubana nai hai.. MBA ppl are far better at handling records nd clients as compared to u pathetic losers.

Anonymous said...

Hi
everybody, i am an MBA campus recruit to union bank of india. In my view you people should not fight over whether MBA should be hired or not.Once the job scenario will improve no MBA will remain in PSU bank. There is such a shit working culture in the bank that day in day out it suffocates mbas.The so called POs are far from professionalism, they dont know how to talk to customers,behave at work place.Even my bet is that 90% of POs cant write a simple official letter in ms office.
Aur rahi baat talent ki ek baar CAT ka paper dekh lena aap log you will get the answer.That a CAT passed MBA can crack the IBPS or not.
thanking you.

Anonymous said...

this is true.i dnt know why these people talk abt "no competition" and all. do they have any idea wat it takes to be a MBA from a good B-School? now plz dnt tell me IBPS is tougher than CAT.

A Blogger !! said...

mast hua. jo hua. ghar mein baitho and keep blaming others for your own failure. these MBAs will find sumthing or the other, i feel pitty for you ppl. jankari hai apko ke ek bank pure saal mein kitna PO recruit karte hai? out of that only 5-6 % is recruited from campus. if u cant make it in the rest 95% , do u think u will work wonder with those 5 %? dreaming boss??

Anonymous said...

Corruption is everywhere. If you are that much concerned then first the reservations should be removed which has been the first source of discrimination. Moreover, MBA graduates also spend 2 years and much more professional.

Amal Barman said...

INDIAN BANKING ASSOCIATION should stop allowing PSU banking to hire through manipal. As this is a growing business for the indivisual PSU, ultimate sufferer are the students.

if they want the maipal or other trained people only instead of fresh students, then there should be another preference with banking experience persons as well. Fresh student recruitment through IBPS should be stopped.

And if they genuinely want to give chance to all who deserve the job, this game of manipal should be stopped.

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