State Bank of India BFSI, Investments & Trading Department Salaries in Chennai

Likes

Job Safety. Monthly Salary is fixed with regular Annual increments. No NIGHT duties (except for certain specific duties). Compensation for Medical Expenditures for Self + Family. Loans at Simple Interest Rate structure.

Dislikes

Deal with public at raw and other unscrupulous individuals. Complicated work process and procedures that are convoluted. Lack of standardisation in procedures and actions. Lack of Work-life Balance. Toxic and Unprofessional Work Culture. Prevalence of use of abusive language and incivil behaviour from higher officials and auditors. Environment of intimidation and suppression. Prevalence of trade unions and Netagiri. Arbitrariness and randoness in posting orders, transfers, promotions and allotment for foreign assignments. Nepotism, favouritism with lesser regard for merit. Adoption of a two tumbler system for identical cases. No learning in job with no leadership qualities earned. Sub-standard training programmes. Unsymmetrical work load with parity in entirely. Ownership feeling missing among higher officials. A Hard Working employee retirement goes unnoticed; whereas Inquilab Zindabad community (which disrupts Bank functioning and brings negative image) gets a warm send off from the top management.

Likes

Nothing. Just brand value.

Dislikes

Terrible work culture. No leaves. Too much work stress and pressure. Salary and perks are not upto the level of work we do. No time for family friends or functions. High targets and threatening. Frequent transfers.

Likes

...ances and deposits.No wonder compared to pvt banks,SBI share price is way below.But if you are good for nothing,with no prospects in life,or just want a job to pay the bills and put food on table,then go for it.

Dislikes

No infrastructure support.no manpower support.too much unionism.... deviation from banking.....there was a time when loan application rejected by sbi ,used to go to pvt banks.....now it's complete opposite.no more is sbi a preferred banker for many.....just take a sample of any middle class working population....they will invariably be banking with pvt banks.

Likes

...red by the official. There is fast track promotional opportunity at every stage. Based on one's expertise, inclination, he/she may get plum postings like Treasury Management and Overseas Posting, wherein you will be compensated not only Indian Salary but also salary and perks as per overseas work conditions (No other Indian Bank provides this facility). For woman employees, maternity leave upto six months with full salary is provided. SBI takes care of its staff with utmost care.

Likes

...elped me to get my livelyhood from my age of 23 and now I am at the age of 63. I got my regular salary and all privileges up to the age of 60 and there after applicable Gratuity amount of Rs.10,00,000, and regular monthly pension amount approximately Rs.35,000 is granted. I am very much loyal to my institution.

Dislikes

I feel the Bank ignored to pay attention about the health care taking measures of its rfetired employees, like not having any tie up arrangements with popular Health Insurance companies ( say Star Health Ins). It has formed a trust called REMBS - Reimbursement of Employees Medical Benefit Scheme - which in no way functioning properly. This is mainly due to lack of concentration in Insurance field which in no way connected to Banking field. Might have tie up arrangements with Insurance company which need not depend on any TPA (Third Party Assurance) agencies. Ins companies which are functioning at their own, without TPA, may be chosen to take care of its employees not only retired , also existing one.