What bank looks for in job applicant ?

What bank looks for in job applicant is one of the most debated & sought after question for the candidates trying to join the banking sector. Every bank has different bench marks. Also public sector banks differ in their recruitment approach from new private sector banks.

However following capabilities/abilities, every bank look for in the new employees: -

1. Ability to lead and work in teams as required.

2. Ability to lead, manage, train the team to achieve targets.

3. Ability to grasp information and to convey it in a meaningful manner.

4. Ability to optimum utilization of resources and commitment to meet deadlines.

5. Ability to comprehend needs of customers and to respond appropriately

Keep a clean track record to get a job

Employers are looking into the personal background. besides looking at experience, qualification, competence and communication skills of the candidates. HR firms are even seeking police verification wherever possible. Since fake qualification and experience documents have become frequent, companies go in for a thorough verification of backgrounds of the job seekers.


Growing hacking, cyber crimes, companies are becoming increasingly vigilant while employing staff. Companies are looking to recruit only efficient and reliable hands to avoid hiring employees who may either not be dependable or even have a doubtful background.


Ensure that you provide correct details in your resume and also keep a clean track record to get into a good job.

More Jobs For Disabled In Pvt Sector

Government has approved incentive schemes for creating 1,00,000 employment opportunities a year for the physically challenged persons in the private sector.

Under the scheme, government will take care of the employer's contribution to Employees Provident Fund (EPF) and Employees State Insurance (ESI) for providing employment for the first three years to persons with disabilities. The scheme is valid for persons with monthly income up to Rs 25,000.

The scheme covers all persons with disabilities defined under Disabilities Act, 1995 and National Trust for welfare of persons with Autism, cerebral palsy, mental retardation and Multiple Disabilities Act, 1999.

A million new jobs in 2008 in India

Ma Foi Employment Trends Survey estimates that a million new jobs will be created in India in 2008. Health Sector shows the highest growth in recruitment at 8.9% followed by IT at 7.3%, ITES at 7.2% and Hospitality at 6.9%.

Experienced workers are hired more than freshers, who constitute a little more than a quarter of the newly hired. Sectors where the demand for freshers is above 30% include Hospitality, Energy Generation & Supply Sector, ITES and Mining & Extraction.

In the city analysis, Mumbai is poised to generate the highest number of employment followed by Delhi, Chennai and Kolkatta.

Indian IT Cos to pay less to employees

As per the assocham analysis, the average hike in wage cost of IT companies fell to about 22 per cent during Oct-Dec 2007, as against a whopping q-on-q rise of 45 per cent during third quarter of the financial year 2006-07.

Thinning margins due to appreciating rupee is putting pressure on the software companies to put a check on its employees’ pay packages. At the same time, high emphasis would be now placed on productivity efficiencies and cost controls. The trend has already begun with TCS cutting the variable pay of its employees.

Indians to get highest salary hikes

Indians working with MNCs are expected to get the highest salary hike of about 14 percent on an average across the world in 2008.

According to ECA International's Salary Trends Survey 2007-08, Indian employees working with MNCs are forecast to receive an average hike of 14 per cent, the highest across the world, and up from 12.6 per cent in 2007.

India is followed by Argentina (12.7 per cent), Indonesia (11.3 per cent) and Russia (11 per cent).

The top ten countries globally in terms of expected salary rise include five Asian nations, India, Indonesia, Vietnam, China and the Philippines.

In contrast, companies in the developed countries such as Switzerland, Japan, France, Austria and Germany would dole out lowest salary hikes this year.

KPO needs around 1,00,000 professionals

According to ASSOCHAM estimates, currently over 260 KPO companies are operating in India and the number can be reached at 350 by 2008 with employment opportunities for qualified professionals to the extent of 1,00,000. Some of the big companies like Genpact, Evalueserve, WNS, 24/7 Customer, EXL, Copal Partners, HCL, Wipro are providing variety of KPO services.

The salary ranges are 12-15% higher than the BPOs industry and even the entry level earnings are more in it. A customer care office in KPOs can earn Rs.1.5 to Rs.1.7 lakh per annum while a technical support office can also earn the similar amount. The voice and accent trainer can fetch Rs.2.25-2.50 lakh per annum whereas a team leader can earn around Rs.3-4.5 lakh annually. Read full story

Indian banks to hire more than 10,000 in next few months

Public sector banks in India are looking to boost their headcount by more than 10,000in the next few months to meet increasing competition from global and domestic competition. State Bank of India and its associates alone account for over three-fourth of the planned hiring, with others like Canara Bank, Union Bank of India, Andhra Bank and Bank of Baroda also having come out with plans to expand their collective employee strength by about 2,000 employees. These bank vacancies are available at BanknetJobs.com.

Banks looking for recovery officers

Now banks are also looking to hire large number of recovery officers on contract basis to ensure soft recovery of loans, and this is a major step taken to counter increasing reports of high-handedness by private recovery agents.

Reserve Bank of India has recently warned banks that it would not hesitate to ban them from hiring recovery agents if abusive practices persisted.

State bank of India has already advertised for 3,000 marketing and recovery officers in the age group of 21-30 years

Welcome to the official blog of BanknetJobs.com

Welcome to the official blog of Banknetjobs.com. Promoted by Banknet India, Banknet Jobs is the only portal for Jobs, career and Networking in the Financial Sector and IT/ITES Companies focused on the financial services. This blog will discuss, comment and provide latest new and happenings in the jobs market and will also feature career tips for aspiring students and budding professionals.

Please note that the postings made on this blog are the personal views of employees, consultants and others affiliated to Banknet Group/ Banknet Jobs and are not necessarily the views of the company. Banknet Group takes no liabilities or damages arising out of using the material posted on this site. Please use your discretion. You are welcome to post thoughts, comments and ask questions. For more visit: http://www.banknetjobs.com