Bank of India Loan Documentation Specialist salaries in Mumbai
Annual salary range
Select experience
₹2.4
Lakhs - ₹3
Lakhs
LowConfidence
Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
Login to view
detailed salary insights
Average annual salary for most employees
Salary comparison with similar companies
Estimated monthly take-home salary
Interested in this particular role?
Last Updated:
28 Aug 2024
Loan Documentation Specialist salary at Bank of India ranges between ₹2.4
Lakhs
to ₹3
Lakhs
per year for employees with 3 years of experience. Salary
estimates are based on
1 latest salaries received
from various employees of Bank of India.
- Higher management does not know what marketing actually is on the field. The people, who are generalist and sitting at medium and top level management actually think that Marketing Officers are one who must not only grab the business but also generate it, which is not at all possible because conversion of leads into business depends on various factors and there are various stakeholders for this. Hence, conversion of leads into business cannot happen till the time everybody works as cooperative team member.
- This is door to door sales job, various people opt this job by looking at false ratings of this profile on social media platforms managed by higher management. Also candidates who join this bank are optimistic at entry stage as they get selected after huge efforts through IBPS and get trapped after entering into this bank and at this profile.
- General Banking Staff is jealous of Marketing Staff as they get additional petrol reimbursement due to their marketing efforts.
- High level politics within bank. People who are in association of officers are like closed knit people of certain people in management and they only help those employees who can do flattery at extream level.
- If you raise your voice on any legitimate issue, you would be targeted by management.
- There are ghigh possibility of frequent transfers as transfer policy does not apply to Marketing Officers.
- The standard operating procedure within the bank is not at all systematic.
- Motivation or credit is not commensurate to efforts given by Marketing Officers,
- There is absence of career path for Marketing Officers as they only can get promotions on Merit based channel and not on Seniority Based Channel. Once marketing officer reaches scale IV, he/she will have to opt for conversion to General Banking Stream. But there are very less opportunities for getting conversions.
- Unlike specialist officers of other streams, Marketing Officers face huge hardships which include cold responses from customers as well as management. They seldomely are provided good place to even sit at various branches/offices of Bank Of India.
Management doesn't know what goes on ground level, they keep making new policy which are against the benefits of employees, no coordination between different level management. I give you a example, there used be inter zone transfer every year but it hasn't happened in the last three year. I think I can go on and on.
Rude behaviour of some staff. Rude customers. More rural branches. Less importance to staff benefits. Lot of traveling due to far postings. Claims unsettled. Boring workplace. Hr not responsive.toxic work environment due to politics.
...f you don't have any jack then you will be getting transfers every now and then. "Jo kam karta he usko aur jo kam bilkul nahi karta" salary sab ko equal he.. shayad jo kam thik se nai karta usko pareshan nahi karenge because wo kuch karega nahi
Like a typical govt bank it offers 100% job security. Decent salary. If you own then you will get to lead projects end to end. Other govt perks and benefits are unparalleled.
Bank of India Loan Documentation Specialist Salary FAQs
What is the notice period for Loan Documentation Specialist at Bank of India in Mumbai?
According to AmbitionBox, 100% of the Bank of India Loan Documentation Specialists in Mumbai reported a notice period of More than 3 months.This is based on 1 response on AmbitionBox in last 2 years.
Bank of India Loan Documentation Specialist Salaries in Mumbai
Bank of India Loan Documentation Specialist salary in
Mumbai
ranges between ₹2.4
Lakhs to ₹3
Lakhs. This is an estimate based on
latest salaries received from employees of Bank of India.