Indian banking sector is one of the fastest growing sectors. Owing to the combined efforts of RBI and influential people in Economics sector, this sector has shown immense growth in past decade.
One of the fascinatingthings about the banking industry is its working culture which attracts millions of skilled graduates to pursue their careers in major private and public-sector banks in India.
SBI and IBPS being at the top of the heap of the recruiting agencies provide thousands of jobs every year. Followed by these giants, some private sector banks like AXIS, ICICI, HDFC, YES Bank are also expanding their operations and hence recruiting skilled workers for the smooth functioning of various tasks in the organization.
In today’s blog, we are going to give you a sneak peek of the working culture of two of the most sought banks in India namely AXIS and ICICI.
Being governed by one of the most capable Economics professionals, these banks are sufficiently capitalized and well regulated. Which makes them best banking organization to work with.
Like any other premier employers, ICICI and AXIS bank have their own organizational policies and working cultures that an aspiring employee need to know. We are going to break down these factors in following:
1. Recruitment process
2. Working Culture for freshers and experienced employees
3 Promotion policies
4. Retirement benefits
Recruitment Process:
First things first, we are going to elaborate the recruitment process of AXIS and ICICI bank one by one.
ICICI Bank Recruitment Process:
As mentioned on the official career page of the ICICI bank, the job vacancies available in the organizations are regularly updated. To ensure a fair selection process, a multistage procedure has been adopted by the human resource department.
1. Freshers and experienced candidates must apply online for the job opening.
2. Based on the desired qualification and skill set, the concerned authorities shortlist candidates for these roles.
3. A series of interviews are held with HR and Top management of the bank.
4. Selected candidates are sent formal offer letter, after the acceptance you can join the bank as an employee.
AXIS Bank Recruitment Process:
Unlike ICICI bank, AXIS bank conducts many employment
programmes to make learning career oriented. If you’ll have a look at the career
page of AXIS, their commitment towards the customer service is quite noticeable
and the recruitment process is amicable.
1. Firstly, register yourself to the Official website.
2. Now, you can see all the current job positions at Axis bank.
3. Apply directly by clicking the “Apply Now” button.
Take away: There are some programmes like Axis Manipal, ICICI PGDBF which recruit entry-level management employee. The written exam similar to IBPS PO is conducted for these posts assesses candidate’s Reasoning, English, and Mathematical skills.
Working Culture for freshers and experienced employees
Working culture is great for both ICICI and AXIS bank employees. The environment is extremely professional; hence some candidates might find difficult to cop up with the challenges they face.
Both banks have a strict policy to make indiscriminate work experience for female employees. For youngerlot, the campus drives, and pool talent programmes are also hosted by these banks on a regular basis.
For experienced employees who didn’t join AXIS as a fresher, some learning programmes are also conducted. The on-job learning is geared towards cross-functional assignments. Employees can get certification for their upgraded skills.
Promotion policies
The promotion policies of the ICICI and AXIS bank is mostly based on advancing deserving employee. The better you work, the higher you get to raise. The banking sector is full of passionate and young people. Sometimes the environment is too competitive, and you need to perform exceptionally well to get an edge over others.
The internal job rotation programme at AXIS ensures that the insiders are made aware of the open job positions before considering external candidates. Read this Businesstoday’s story regarding career growth in AXIS.
Retirement benefits
After a glorious tenure of many years, you can gracefully retire from the banks without worrying much about the future. ICICI does not sack employees for their under-performance due to health reasons. Bank has the policy to continue the medical support for the employee who ages above 45 years if he is asked to go.
At Axis, PF and gratuity areavailable for employees whenever they leave. Recently Axis offered early retirement to senior management executives aged over 40. The human resource related actions are quite quick and digitalized in AXIS.
Having said that, we leave it on individual’s will to join an organization. Just remember a successful employee knows all the ways to conquer adversities and boredom at work. The above-givenpoints are few important factors that you need to consider before joining any organization. Hope it helps you in getting stir clear mindset.
Best of luck folks!
