For the last two years all the public sector banks had come out with a unique strategy to recruit young professionals by ONE YEAR TRAINING CUM RECRUITMENT PROGRAM in collaboration with Manipal school of banking The candidates selected required to attend one year full time course at Manipal School of banking. The successful candidates will be appointed as scale I officers in their banks.
This strategy is like OLD WINE IN NEW BOTTLE.
This strategy is not different to the normal PO recruitment process where you have to go through the same process of written test and personal interview. The current Junior management cadre exam is of same standard as PO exam.
Banks never mention the training costs in PO selections notifications where as certain banks like syndicate bank, Bank of Baroda and Corporation bank in their previous recruitment notifications had mentioned the training value as 3.5 to 5Lacs for this TRAINING CUM RECRUITMENT PROGRAM.
For me this is not a good strategy by banks. Since there is a huge human resource gap in banking and insurance sector, banks should put efforts to choose the average performing graduates and nurture them to build up their career in banking.
Banks ONE YEAR TRAINING CUM RECRUITMENT PROGRAM with Manipal school of banking should scout the regional degree and engineering colleges in various states or collaborate with them to train them in their final year to align with banking requirements. The current ONE YEAR TRAINING CUM RECRUITMENT PROGRAM exam also should be a bit more flexible to shortlist more graduates, choosing people who can be trained. This way the un employment issue in India will also be addressed. The CSR responsibility norms to be followed by Public sector banks will also be met since they join hands with rural and urban colleges for training and development of graduates.
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