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How recruitments are made by private banks in India?

Date: 01 Apr 2016    Group: Career Guidance    Category: Finance and Banking Jobs   

There are many private banks in India like ICICI Bank, HDFC Bank, Axis bank, Kotak Mahindra Bank, Yes Bank and IndusInd Bank etc. How recruitment at various levels are made by such private banks? Do they conduct any competitive examination like in the case of PSU banks?
Awaiting response.

Wondering how private banks recruit? Here, on this page experts shall provide you with the answers you are looking for.

Author: Mahesh    04 Apr 2016      Member Level: Gold     Points : 2  (Rs 2)    Voting Score: 0

Private banks use multiple ways to recruit the candidates.

1. Campus recruitment.
2. Entrance examination results
3. Referral recommendation and recruitment.

Campus recruitment of every private bank is under some different name. For example 3i infotech and ICICI takes recruitment off campus sometimes too. AXIS has campus intern program.

Entrance exam result from government is also used for the recruitment. So if you don't get the job in government position then you should focus on the private or say commercial banks.

And finally referral system that works for the banks. In case of banks you may find that such system also later takes exam and other process related to the recruitment. So pretty much be it government bank or commercial bank, process is not going to be any different.

Author: Padma    05 Apr 2016      Member Level: Silver     Points : 1  (Rs 1)    Voting Score: 0

Its basically done by campus selection or by keeping interview or Bank exams and on merits.

Author: [Anonymous]    05 Apr 2016      Member Level: Diamond     Points : 5  (Rs 5)    Voting Score: 0

Private banks have different ways of recruitment. It includes through campus placement system, through entrance examination, through normal application and interview process and lastly through reference.
Among all these, the most common is through Campus recruitment. In this case, particular private bank has tie up with universities and they conduct recruitment programme and select the candidates directly from campus. Candidates who will qualify their final examination successfully will get their joining letter afterwards.

Through entrance examination, some private banks conduct examinations and select candidates on the basis of their performance in entrance examination.

Some banks simply advertise their vacancy and conduct simple interviews for recruitment.
Lastly, if you know some one in bank working at good position, you may join through reference.

Please not that some private banks like ICICI also conducts training programmes and select candidates after completion of training.

Author: Sheo Shankar Jha    07 Apr 2016      Member Level: Gold     Points : 3  (Rs 3)    Voting Score: 0

Private - banks have different mode of selection, however, they try their best to recruit the the talented youths in order to keep excellence in bussiness. The best option for them is to have a campus placement of Interviews in renowned colleges and finally the candidates are chosen by judging their potentials in the Interviews. The other option is to display advertisements in leading News - papers of their total number of requirements and a cut- off point for the prescribed examination is indicated. Normally a graduation - degree having not less than 55 percent marks is the minimum criteria for the eligibility of the written - test. Final selection is made after the oral - interview being conducted after successful clearance of the written test. Private - banks are cautious enough to select right candidates after thorough screening in order to survive in the competitive environments.
The third - one is the referral system where in limited number of aspirants are selected. The referee must be a man of responsible position linked to Private - banks.
There is no constraint for emoluments for the right candidates in Private - banks. Here innovativeness is always appreciated.

Author: Chitra Rana Raghav    08 Apr 2016      Member Level: Diamond     Points : 4  (Rs 4)    Voting Score: 0

Friends there is no common way of recruitment followed by all of those. As few goes to campus, few take entrance test as per ibps ranking. As in a response above referral system is also written.

As per best of my knowledge, ICICI bank recruitment 2016-2017 are open till june. Here is details about it.
Age = with 25 years of age.
Educational qualification, any degree with minimum 55%.
Its a training plus job program. There will be four stages.
1. Online aptitude test.
2. Psychometric assesment.
3. Group Discussion.
4. Personal interview.
Those who will be selected will have to attend training in ICICI Manipal Academy, Bangalore.
After completing training, one will be posted as deputy manager. For training 3.60 Lakh should be paid, which can be taken as loan and will get deducted from ICICI bank salary later.
If a candidate resigns before completing 5 years of job, one has to pay this training fee amount along with interest.
No application fee, no reservation on caste basis.
For details you can go too

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