The IDBI Bank has the begun the process to recruit 1000 Assistant Manager (AM) posts recently. In comparison to other public sector banks, Bank PO aspirants show some special interest towards IDBI Bank because of its unique profile. Unlike other major nationalised banks, the IDBI Bank has distinct business segments like Personal Banking, Corporate Banking, Agriculture Finance, Medium and SME Business segment. These segments impart melodious blend of Public Ownership and Private Work Culture to the bank.
Now, let us look at some more interesting aspects of being an Assistant Manager in the IDBI Bank.
Grade A Position: The Assistant Manager post in the bank is of a Grade A rank. This designation makes one eligible for promotion to various senior management posts in the bank like
Manager (Grade B) --- > Assistant General Manager (Grade C) --- > Assistant General Manager (Grade C) --- > Deputy General Manager (Grade D) --- > General Manger (Grade E) --- > Chief General Manager (Grade F) in the given order…
Finally, based upon one’s proven track record and sufficient experience in the bank, one will be eligible for the prestigious Executive Director position before retirement.
Salary and facilities: Assistant Managers are offered Rs 14,400/- per month as basic pay and other allowances. The pay structure of IDBI is considered as one among the best after SBI and its associate banks. Moreover, these pay scales are under constant revision to compensate for the inflationary pressures.
Besides the salary, the facilities available to assistant manager are accommodation, reimbursement made towards leave fare concession (LFC), medical expenses, telephone charges and conveyance allowance.
Nature of job: On the macro level, the role of an Assistant Manager depends upon the size and scale of the branch operations. While in a small branch, the Assistant Manager has to deal with a wide range of aspects such as cash, operations, sales and third party products, where as in bigger branches they have specific roles.
With regard to day to day operations, an Assistant Manager’s job is just similar to same ranking official in any other bank. The major responsibilities include disbursing loans, interacting with customers of the bank and knowing their credit requirements, recovery of loans from defaulters and submitting periodical reports to higher officials on the progress made by the branch.
IDBI Bank is aggressively expanding its operations within India and abroad. The bank’s ambitions to expand overseas give opportunities for employees to work overseas and have a glimpse of working of international financial markets.
Basically, an Assistant Manager is the face of the branch. He/she is the one stop solution to all the queries of lower level employees and customers. In fact, the job provides immense satisfaction to the officer as it enables him/her ample opportunities to play a meaningful role in the society.
In life nothing succeeds like success. To have a successful career, one must be careful while deciding upon not only ‘what to do?’ but also ‘where to do?’ The right choices in right time are crucial for smooth career progression. Hence, you must choose such a bank for a PO job which nurtures your potentials and ambitions.
Have a Happy Preparation and All the Best!!!