NABARD has recently published a notification to recruit officers in Grade A and Grade B in various offices of the bank across the country. On the other hand, IBPS has published the final results of PO in various public sector banks as per the expected date on 01st April 2016. PSB’s are yet to start their joining formalities for PO, whereas NABARD exam is inching ahead with every passing day.
NABARD Officer: Job Profile
As an officer at the National Bank for Agriculture and Rural Development, you are responsible for following duties:
- Development of your district: You will be given the responsibility of a number of schemes to be launched by the government of India to develop the rural areas of the country as you will be liable to implement them in your area of posting.
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- Coordinating with banks: As an officer with NABARD, you will coordinate with the lead bank as well as other banks regarding the disbursement of loan applications as well as waiver schemes launched by the Government.
- Reporting to RBI: RBI is very much strict about priority sector targets given to banks since rural economy is the backbone of the country. As an officer with a bank that has the responsibility of developing the rural areas, you will be reporting to the apex bank regarding the priority sector development in your area of posting.
- Monitoring the Progress: You will be in charge of monitoring the implementation of various schemes in your district and you have to constantly monitor the same in order to keep track of the development. Otherwise, it is difficult to ensure that banks are on the right track.
- Strategizing Schemes: The government will launch some scheme and will ask NABARD to implement it. As an officer, you have to make a strategy as per the requirement of your area in order to make it successful.
IBPS PO: Job Profile
As an officer in a commercial bank, you will be responsible for the following duties:
- General Banking Operations: As a general banking officer, you will be responsible to ensure smooth functioning of your branch regarding receipts, payments, fixed deposits, etc.
- Credit Management: As a credit officer, your main responsibility will be to disburse loan applications after verifying their merit and to monitor the loans disbursed so that they do not turn into NPAs.
- Coordinating with the higher authorities: As an officer, you will be responsible to take care of the coordination work between your higher authorities and your branch. You have to report any issue in the branch to them as well as seek suggestions in case it is required.
- Reporting to the higher authority: As an officer, you will be preparing reports to be submitted to your higher authority so that they can monitor the progress of your branch and plan accordingly on a large scale.
- Administrative duties: If you are posted in an administrative office of the bank, you are liable to ensure that the administrative machinery of the region or zone is working properly as well as that the compliance issues are taken care of properly.
IBPS PO and NABARD: The Differences
After going through the job profiles of both the jobs, we get an overall view of the differences in the job profiles of IBPS PO and NABARD Officer. As IBPS PO, you have to ensure that your branch is getting business and making adequate profits, whereas as an officer with NABARD, your main duty is to ensure that development work is being carried out properly in your district. One is commercial whether the other is a development finance organization. In terms of promotional aspects, IBPS PO is much better, but in terms of posting and perks, NABARD is your pick.
All the best!!