City Union Bank Finance & Accounting Department Salaries in Mumbai

Likes

Salary is high comparative to the market Growth opportunities depending on your learning ability

Dislikes

Long working hours Performance based bonus which is not linked to work but with the customers we add The products are not liberal enough to promote to the customers as it has many cons comparing to the peer banks

Likes

Nothing

Dislikes

... inferior about yourself in all ways and they will make you resign by yourself.. for that you get to pay and get relieved... if you are okay with everything and ready to be under probation for a long period of 5 -7 year with zero benifits then that's your job!! If not don't be happy having appointment letter from this perticular institution !!! Try to explore world more good opportunities are waiting... All the best...

Likes

I like about the company is that, they are involving every clerk for each and every work even when I had join this organization, I get chance to looking counter work, through this I polish my skill to interact with customer and I learned lot of this day by day by resolving customer's issues, then after 2-3 month I was shifted to cash counter, there I was again learning lot of things with my customer interaction skill which I had already polish which attending customer on counter work, after few months I shifted to loan and advance

Dislikes

... small amount. they are telling us that you haven't achieve your monthly target. So your salary is this only 2- If you can't achieve your monthly wise target then you may never get confirmation and any HR benefit (they are given target 4 Cr. to every Clerk not depending on how old branch is weather it is old or new doesn't matter and then they will divide this target on monthly basis and if you can't achieve your target on any month then rest amount will be shifted to the next month now you have to achieve your this month of target and also previous month target). On this target achievement they will provide you grade like A+, A, B, C. If you can't achieve 6 A grades then you will never get your confirmation and also and HR benefits, even your can't got your leaves , if you need, you have to go on Lose of Pay 3- They never give you job in you Hometown 4- Providing very few staff to the branch, even they are not having any sales staff. Operation's staff has to do marketing, achieve the branch target, recovery, CASA, SMA collection, loan customer's stock and building insurance, stock statement follow up, Drafting loan document, loan processing document and follow-up, customer request (technical and personal) only looking by us only. 5- Very conservative mentality organization. For 1 lakhs of Rs. Loan will be sanctioned by central office. BM's has no power to sanction and single amount. They can do recommendation only but this will be consider only after look on all papers. 6- Loan and advance is only on security basis. 7- Overall in this organization, I realize that, they are not having professional attitude.

Likes

...amt of learning entire banking system by yourself, this is the place for you! 3. Timely Salary: Don't worry, your salary will always arrive on time, no matter how much (or how little) you've actually contributed. Because punctuality is key, even when your performance isn't. 4. No late Evening Working: North India branches have no walk-in customers. By 6, or may be 7 PM you can leave the office and breathe fresh air - after all, how many door-to-door sales can you really handle in a day? 5. Bonus/ Ex-gratia: Sure, bonuses are handed out twice a year - if you've pulled off the impressive feat of securing a 1 Cr loan every quarter. Otherwise, you might get a delightful 40% of what was announced. Aim high or settle for crumbs. 6. Branch Manager Perks - If you are a Branch Manager, you 're in luck with fuel reimbursement, allowances, rent reimbursement, Branch Manager allowances, rent reimbursement and more - because only the chosen ones get those extras. Everyone else? Well, better luck next time! 7. No Cluster Head/ Circle Head/ Zonal Head like Structure: Enjoy the peace of minimal con-call and WhatsApp reporting since there's no endless hierarchy breathing down your neck. But don't get too comfortable - non-performance punishment can still strike without a warning just when you thought you were safe! At that time no one can save you.

Dislikes

...anch mile from what was agreed upon. Flexibility is key... or is it survival? 3. Tricky Salary Offer: Their offer letter should come with a magnifying glass. If you don't clarify your actual take-home pay upfront, you're in for a surprise. Also, forget any hopes of a raise; it's only downhill from here unless you escape to another bank. 4. Delayed Confirmation: Confirmation here is no less than a myth. Expect to stay unconfirmed for four to five years - if you're lucky! They'll hold confirmation hostage until every target is achieved, and when promoted, the confirmation reset starts again. Imagine getting "promoted" but back to unconfirmed status each time! 5. No leave credits During Probation: Say goodbye to any hopes of leave. With a probation period that seems to stretch into eternity, you'll get a meager 12 CL and 12 SL at joining and nothing more. Take leave sparingly - otherwise, it's loss of pay, as probation can last years. 6. Worst Transfer policy: Dreaming of a home posting? Think again. Their policy flat-out refuses favorable locations, no matter what anyone promises (even the HR Head's word means nothing!) 7. Late Sitting for No reason: Get ready to be held hostage by the world's slowest systems and no-responsive departments. You'll spend long unproductive hours dealing with day-end blockage and absurd departmental demands. 8. No brand image and branch network: Outside Tamil Nadu, this bank is practically invisible. Meeting sales target is nearly impossible, so don't get your hopes up for confirmation, promotion, or even basic incentives. Frustration and resignation seem to be main perks. 9. Unsecured Mindset: Head Office operates in a state of perpetual distrust, doubting every staff (including their own). Rather than solve problems, they'll point out every flaw, ensuring you get maximum dose of criticism with zero solutions. 10. Recovery at Resignation: Think you can just leave? Not so fast! At resignation. they'll claw back every bonus, ex-gratia, training cost (down to train fares and hotel expenses), recruitment fees, and even the difference on any subsidized loan rate you received. Staff often find themselves trapped simply because they can't afford the hefty bill required to get a relieving letter.

Likes

No

Dislikes

No work life balance You need to pay your exgratia that you got when you leave the company You can claim the amount for your earned leaves after 10 years from confirmation If you have employee home loan in this bank, when you leave it will convert to normal housing loan and you need to pay the penalty amount from date of Disbursement to current date. Branch culture is worst ; you need to take care of each & everything in branch from ATM loading; admin activities to officer / manager role