Public banks asked to start coaching in J&K,Naxal areas

* Govt wants more people from such states in banking sector

Written by Surabhi | New Delhi | Published: October 12, 2012 12:29 am

The finance ministry has asked public sector banks to launch special coaching programmes in Naxal-affected areas and Jammu & Kashmir as it wants greater representation of people from such states in the country’s banking sector.

“It is felt that residents of such areas need to be supported for appearing in competitive examinations. Greater participation of people from such areas would also help the banks in getting over the problem of finding personnel in such areas,” the department of financial services has said in a recent missive to the Indian Banks Association (IBA).

The department has asked the IBA to ensure that all its public sector members organise special coaching in these regions to prepare for the common written examination (CWE) — the recruitment test for joining public sector banks.

The finance ministry has also asked the Institute of Banking Personnel Selection,which designs and runs the CWE to prepare a special scheme for the purpose.

The move is expected to be useful not just for public sector banks that find few takers for posts in such areas but also for youth in these states who do not find sufficient employment opportunities.

“If there are more people from these areas in the banking cadres,then it will solve the problem of not finding enough people to handle bank branches in these disturbed areas,” a senior official said. Public sector banks hire over 35,000 people annually and over 7.5 lakh aspirants took the probationary officers exam in June this year.

RBI sets up panel to speed up financial inclusion

MUMBAI: Amid slow progress in bringing the entire population under banking network,the RBI on Thursday announced the setting up of a high level committee to “spearhead” efforts to ensure accessible financial services in the country.

The Financial Inclusion Advisory Committee (FIAC) under RBI deputy governor KC Chakrabarty is expected to suggest appropriate regulatory framework to ensure that financial inclusion and financial stability move in tandem,the RBI said in a statement.

The 11-member panel is expected to explore issues such as developing viable and sustainable banking services delivery models and developing products and processes for rural as well as urban consumers outside the banking network,the RBI said. PTI

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