Karur Vysya Bank Salaries in Chennai

Likes

Good culture..like a govt bank.. work well..no problem.. only problem is HR policies..no transpelarency and even hr people don't know about the policies..

Dislikes

Discrimination in pay between IBA Norms employees and CTC employees

Likes

Nothing

Dislikes

... of clerks and officers, yet receive no additional support or fair compensation. Despite managing an overwhelming workload, BSSEs see no rewards—no promotions, no salary increases—even after proving their capabilities. To make matters worse, they are often forced to work late into the night, adding to their frustration and fatigue. Leadership is another weak point, as many managers lack the knowledge and skills necessary to guide their teams effectively. Adding to the disillusionment, BSSEs are frequently relegated to the role of telecallers, making daily calls to customers to meet high and often unrealistic sales targets. There's no incentive structure to reward their hard work, and they’re further bound by a restrictive two-year bond, which traps them in this disheartening situation. For MBA graduates expecting meaningful work, the reality at KVB is a far cry from their expectations. If you’re considering a job at KVB, think twice. The bank’s approach to staffing and employee treatment is far from ideal, with poor support, unrealistic targets, stagnant salaries, and unfair working conditions making it a challenging and unrewarding place to work. These issues are deeply ingrained in KVB’s culture—avoid joining as a BSSE if you value your career and well-being.

Likes

job security only.. nothing to tell about good

Dislikes

...operations , along with that we have to do sales and even do substaff work also. But no bonus no exgratia, no increments. Even we didnt take our leave also. if one employee leave in branch other employee is not allowed to take leave. Compulsorily sitting upto night 8'o clk or 9'o clk, even work is there or not. Worst work life balance. Very Very worst HR service too.

Likes

A good old gen banking company. We can learn a lot more about banking legal matters.

Dislikes

Salary and benefits should be increases, that's a big concern. Peer companies are offering more. Yet another matter is company culture should be changed from manager servant level to manager and sub ordinate employee level. That means , some managers still follows the old Indian Sir Servant culture That should be changed.

Likes

1. Competitive Salary: KVB likely offers competitive salaries to attract and retain talent. 2. Health Insurance: Employees may receive comprehensive health insurance coverage, including for dependents. 3. Provident Fund (PF): KVB may provide PF benefits to help employees save for retirement. 4. Gratuity: Employees might be eligible for gratuity, a form of additional retirement benefit. 5. Performance-Based Incentives: Bonuses and incentives based on performance can motivate employees. 6. Training and Development: Opportunities for skill development and career advancement through training programs. 7. Work-Life Balance: Policies that promote work-life balance, such as flexible work hours or telecommuting options. 8. Employee Assistance Programs: Support services for personal or professional challenges.

Dislikes

1. Workload: Some employees might feel that the workload is too heavy or that they are constantly under pressure to meet deadlines. 2. Hierarchy and Bureaucracy: In some organizations, employees may feel frustrated by bureaucratic processes or a rigid hierarchy that hampers decision-making or career progression. 3. Communication Issues: Poor communication between departments or with management can lead to misunderstandings or inefficiencies. 4. Work-Life Balance: Industries like banking can sometimes involve long hours or demands that impact work-life balance negatively. 5. Compensation: Despite competitive salaries, some employees may feel that their compensation does not fully reflect their contribution.