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Robbery by the Banks

BY: Shiva Thrishul | Category: Careers | Submitted: 2012-07-13 11:06:27
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Article Summary: "On the name of providing jobs to the unemployed youth, the Banking sector is looting the money of the jobless candidates in the project of recruiting Banking personnel which started in 2011 under a single banner of IBPS.."


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Noticing the large number of unemployed youth, The Banks of India had stepped into the recruitment of the banking personnel selection on the name of IBPS (Institute of Banking Personnel Selection). By promising jobs to the jobless, the banks are being looting the applicants mercilessly. The banking sector's appointment and job allotment project of 2012-13 under IBPS, a united public sector banks (19 nationalized banks) association had planned to recruit Bank clerks and probationary officers under a Common Written Examination.

Around 19 nationalized banks, on the name of IBPS, started the heavy recruitment of Banking Personnel in 2011. A common written test was conducted on various sequential dates in the months of November and December in 2011. Nearly 40 Lakh candidates had applied for it costing Rs.200/- per each applicant. After the completion of the examination, a score card was issued to the candidates on the basis of acquiring minimum eligibility marks (i.e 24 out of 50 for OBC/General candidates and 21 out of 50 for SC/ST in each part of the conducted Common Written Exam out of 250 marks in total). The validity of the score card is one year.

This means, if any of the 19 banks in the IBPS list wants to recruit members' into its banks, they will call for the candidates to apply again with a minimum cost of Rs.100/- to deposit in their Bank accounts just to check whether they are eligible for the interview. The banks mark a cutoff point for the candidates to apply, say around 130. This means, all those people who had secured more than 130 are eligible to pay the said amount in the banks, but not eligible to be called for the interview. The banks are short listing the candidates to the interview after the payment of fees into their pockets. This is a kind of deceiving the candidates by raising their hopes to be called for interview with the cutoff mark they had mentioned.

After announcing the cutoff mark, Banks are asking the candidates to apply for the interview with their valid score card. The applicants had strongly expected a call letter for the interview as their marks were above the cutoff marks. Hoping so, thousands of students had re-applied by remitting the fee payment challan even though there were not more than 100 vacancies for each state in every bank.

The candidates who were above the cutoff marks were in mere helplessness as they were not called for the interview after depositing the amount in the respective banks accounts.

DENA BANK had asked the candidates to apply for the interview who ever had secured at least 24 marks in every part of the CWE for General and OBC candidates, and 21 marks for SC/STs (A total of 120 marks for General and OBC and 105 for SC/STs out of 250 marks). It had only 30 vacancies in Andhra Pradesh. The total number of candidates who secured the minimum marks is around 50,000 members from Andhra Pradesh itself. It is Rs.150 per head to apply. All those who got at least 120 had applied for it. So, an amount of Rs.70, 00,000 was credited to the Banks account only from Andhra Pradesh. The same is the condition with the BANK OF INDIA and other banks.

If a particular Bank had some (for example: 1500) vacancies in the country, they have to call the candidates for interview either in 1:3 ration or 1:5 ratio. I.e. some 4500 or 7500 candidates nationwide had to be called for the interview. The selection procedure to be called for the interview is the CWE as everyone knows it. This is the first stage of selection. IBPS has given the list of candidates who had secured more than 100 marks for every state. So, the Bank can call the top most candidates of their requirement from the list provided by the IBPS without any further payment to the respective banks, so that, only those candidates may appear the interview would pay the money and making it clear to other applicants who scored less marks will choose for another alternative source of employment.

Bulldozing all this procedure, Banks are looting the public money and playing with the merit of the unemployed youth by raising their hopes of providing jobs. Banks are being turned to suck the money of the unemployed youth and making them drown in the pool of despondency.

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