Our Services
- Export Credits
- Finance for Export Oriented Units
- Overseas Investment Finance
- Lines of Credit
- SME & Agri Finance
- Film Finance
- Rural Initiatives
- Export Services
Annual Report 2007-08
|
|
| Home : Careers : Training Programme | :: TRAINING PROGRAMME |
Given the complexity of the Bank's operations, as reflected by the many specialised groups and work-skills, young professionals need to spend time gaining exposure and knowledge of the various activities and skills utilised in the Bank. This is especially necessary because efficient decision making in the Bank requires knowledge of a variety of skills and practices. Working with various groups, young professionals become fully conversant with all the critical functions and activities. They are also actively involved in appropriate assignments entailing individual responsibility.
The Bank is unique in its global and national network of institutional and professional linkages. The five overseas offices - at Washington D.C., Singapore, Dubai, London and Johannesburg - have helped forge strategic institutional linkages for the Bank with multilateral agencies such as Multilateral Investment Guarantee Agency, World Bank, Asian Development Bank, African Development Bank, Export Credit Agencies, Trade and Investment Promotion Agencies abroad. The Bank's extensive global network, supported by the Indian Missions abroad facilitates interaction with such agencies and opens up new opportunities for knowledge building and upgradation of skills.
Learning opportunities are created for officers by way of participation in seminars and exhibitions (in India and abroad) sponsored by the Bank, with a view to preparing them to perform roles / jobs which they may be required to take up in the future as they go up in the organisational hierarchy, or if the Bank is venturing into new areas through joint ventures or expansion. State-of-the-art training in highly specialised areas is furthered by the new initiatives of the Bank, establishing links with multilateral agencies such as MIGA, IFC Washington and the World Bank. Special programmes organised in coordination with these agencies are customised to meet the specific requirements of the Bank.
After successful completion of the training period, young professionals are designated as "Deputy Managers"/"Managers" and are posted in one of the Groups or domestic offices. The Group in which the young professional is posted, after completion of the training programme, is decided on the basis of his/her skills, preference and aptitude as well as the Bank's requirements for staff in different groups. During their careers, professionals are periodically transferred to different groups or to other offices of the Bank. Such transfers provide valuable opportunities for professionals to widen their skills and exposure, which are important for career progression within the Bank. Since the Bank believes in constant upgradation of skills, there are opportunities for overseas travel and training for professionals at all levels, related to their current assignments.
During the training period, young professionals joining as Officer Trainees and Management Trainees are paid a monthly stipend of Rs. 11,000/- and Rs. 15,000/- respectively. Thereafter, upon absorption as Deputy Manager / Manager, salaries would correspond to the scale for this cadre. Currently, gross emoluments at the minimum of the scale amount to about Rs. 13,700/- and Rs. 18,900/- respectively. "Dearness Allowance," which constitutes a component of salaries, changes at quarterly intervals to reflect movements in the price index. Therefore, actual salaries in the scales alter periodically.
Apart from the salary, the Bank provides attractive perquisites, the monetary equivalent of which is considerable, in relation to the salary. A major perquisite which the Bank endeavours to provide to young professionals is furnished bachelor accommodation, based on need and subject to availability. Another valuable perquisite is the scheme for reimbursement of fees for the purpose of acquisition of skills considered useful to the Bank - for instance, computer skills, foreign languages. The Bank is, thus, a learning organization in the true sense of the term, facilitating and promoting formal as well as informal learning amongst officers throughout their career.
|
|
