IBPS is going to conduct the examination for recruitment in the Scale I cadre of officers in the Regional Rural Banks (RRBs) across the country in the month of August. The notification for the same is already out. This is a job most of you must be dreaming for because of less stress and chances of home posting. Here is the detailed job profile of IBPS RRB officer scale I.
Scale I Officers in RRBs: Job Profile in Detail
IBPS RRB is the first officer level examination being conducted by the IBPS this year. You have both prelims and mains examination in RRB recruitment as introduced by the IBPS in the year 2016, akin to the pattern of all officer level examinations being conducted these days in case of any bank officer level examinations. But, what do you have to do once you are selected as an Officer Scale I in RRB?
Let us find out:
Managing day to day operations
This role is akin to the role of an assistant manager in a scheduled commercial bank. As an officer in Scale I cadre in any RRBs, you have to manage day-to-day operations of the branch where you are posted. You have to look after receipts, payments, cash verification, cheques passing etc in the branch every day.
This is the second thing that you need to do as an officer but the major difference as compared to a scheduled commercial bank is that the focus will be mostly on an agricultural and rural economy of the country. You need to give more agriculture loans and also loans to allied sectors/activities such as poultry, dairy, fisheries etc.
An officer in RRBs mainly oversees the rural segment and ensures that the priority sector guidelines are properly complied with by his or her branch.
Monitoring the credit portfolio
You have to be cautious in this role since most of the agriculture loans and loans to allied activities turn into NPA (Non performing asset) very soon if you do not monitor them properly. You have to go to the borrower on a daily basis if repayment is not regular and understand the situation of the borrower before taking a decision on your due course of action.
Restructuring loans and NPA recovery
This is the most important job in your profile. RRBs were conceptualized as part of the process of developing the rural sector of the country. You have to restructure the agricultural loans and keep track of the subsidies in this portfolio.
Audit reports preparation
You have to assist the branch manager in this job. There are many instances of fraud in these banks and once these irregularities are found out in the audit, you may have to face action for failure to carry out your duty.
Arranging loan melas in the areas of your posting
As an officer in the RRB, you are responsible for taking part in the financial inclusion drive in your area. You have to inform the population about various schemes in your bank and disburse loans as well to as many farmers as possible to help develop the rural economy.
Preparing reports for your higher authorities
Your branch manager will be asked to submit reports from time to time regarding various issues such as the agriculture loan accounts you are handling, the number of accounts that have been restructured, the number of MUDRA loans disbursed etc. You have to prepare the reports as asked and submit it to your regional office within the deadline.
Note: Pradhan Mantri MUDRA Yojana (PMMY) is a scheme launched by the Prime Minister of India, Narendra Modi on April 8, 2015 for providing loans upto 10 lakh to the non-corporate, non-farm small/micro enterprises. These loans are given by Commercial Banks, RRBs, Small Finance Banks, Cooperative Banks, MFIs (Micro Finance Institutions) and NBFCs (Non-Banking Financial Company).
Salary of IBPS RRB Officer Scale I
The in-hand salary for IBPS RRB Officer Scale I ranges from Rs 29000 to Rs 33000 per month. After completing the probation period of two years the IBPS RRB Officer Scale I promoted as an Assistant Manager.
IBPS RRB job is not as good as scheduled commercial banks when it comes to career growth and the promotions you get in your total career. But at the same time, it is also true that if you are interested in going for other competitive examinations and you need time to study for that, this is the perfect job for you. At the same time, you will certainly get home posting because you need to know the language of the state where you will be posted and most certainly, you will get home posting or posting in any neighboring state.
This makes this job an attractive one and many candidates go for this. So, study hard and give your best and make your dreams true.
All the best!!