Bank of Baroda



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Programme Details
Curriculum
Programme Delivery
Evaluation
Rules & Regulations
Stipends, Reimbursements & Prizes
FAQs
About the Programme
 

PROGRAMME DETAILS

  1. Introduction

    Bank of Baroda and the Manipal Group have joined hands to set up the Baroda Manipal School of Banking (BMSB) to cater to the needs of training young, bright graduates in order to make them job ready for a career in Banking in Bank of Baroda. On successful completion of the programme, the programme participants would be awarded a Postgraduate Diploma in Banking & Finance (PGDBF) by Manipal University and would be absorbed as Probationary Officers of Bank of Baroda.

  2. Admission to the Programme:

    Candidates shall be selected by BOB through a selection process consisting of an open exam followed by Group Discussion / Interview.

  3. Course details:

    The one-year Course:

    The selected students will go through a nine month Campus programme, to be followed by a three months internship at the Bank branch.  The course and the curriculum will be especially tailored to meet Bank’s needs and requirements from the Probationary Officers. The curriculum will include, apart from General Management subjects, courses related to Banking areas and also various types of skills, including soft skills, proper grooming, etc. Various Bank specific processes including training on the Bank’s technology platform will be incorporated within the curriculum itself.

    Use of technology will be incorporated in the learning process and gaming and animation techniques will be used extensively. The candidates will be required to undergo various e-learning modules and banking simulations as pre-learning requirements for many of the modules of the program. The students will also undergo various mandatory certification tests like AMFI, IRDA, etc. which are required for providing advisory services / selling of financial products like Mutual Funds, insurance, etc. The Bank’s Core Banking solution base software viz. the Finacle dump will also be provided at the Campus itself to enable the candidates to have a hands-on feel of the CBS software and applications right at the campus itself and even before their final placement in the Bank. Practical hands-on experience of Branch and Banking operations shall be provided through a model dummy Bank Branch at Campus, besides field visits, etc.

    The compulsory 3-months internship will be at a Bank of Baroda Branch which will enable an on-the-job training of the students and also a real-life work experience.

    Final placement at Bank of Baroda:

    All students after successful completion of the course will be awarded the “POST-GRADUATE DIPLOMA IN BANKING AND FINANCE” from Manipal University at a convocation ceremony where they shall also be handed over the final appointment letters from the Bank. Accordingly, they will be finally absorbed in the Bank as Probationary officers in JMG/S-I and can be posted anywhere in India as per Bank’s discretion.

    Emoluments on final placement:-

    After successful completion of the Post Graduate Diploma in Banking and Finance in the Baroda Manipal School of Banking and subsequent placement in Bank of Baroda, candidates will draw a salary as applicable to Junior Management Grade/ Scale I which is presently in the scale of Rs. 14500-600x7/18700-700x2/20100-800x7/25700 (under revision). They will also be eligible for DA, HRA & CCA, as per rules in force from time to time. At present, the initial yearly emoluments (salary component only) of Junior Management Grade/ Scale I Officer, including DA, HRA, CCA are approximately Rs. 3/- lakhs in a Metropolitan Centre. Apart from the salary component, officers will also be eligible for all other perquisites, facilities, rent reimbursements, other reimbursements, etc. as applicable to a JMG/S-I officer.

    The above mentioned salary, perquisites may increase further in future, by the time the candidate actually joins the service of the Bank after the one year programme duration period.

    Fee structure:

    The fees for this Course will be Rs. 3.15/- lakhs (all inclusive of boarding, Lodging and course fees, other fees, etc.) plus service taxes, as applicable to be paid by the student. However, students can finance the course fees by availing an Education Loan which will be granted by Bank of Baroda at a concessional rate of interest of 8% interest. Students can therefore obtain a high quality specialized course in Banking and finance without any monetary burden on them and fully financed by the Bank.

    The educational loan facilities are being made available to the participants taking into consideration that they are future employees of the Bank. As such, the concessional rates will be withdrawn if the student does not join the Bank or stays with the Bank for certain number of years as stipulated, in which case, the Bank will levy the card rates as applicable, right from the inception itself.

    Apart from the above course fees, the exam fees for undergoing various Certification exams viz. NISM (Mutual Funds) and NISM (Depository Opns) as mandated under the course will have to be borne additionally by the candidates, as per the fees charged by NISM from time to time for conducting these Certification exams. These fees, as applicable at the relevant point in time, will be added to the course fees at the time of sending the offer letter to the successful candidates for any batch. Currently, the fees for NISM (Mutual Funds) and NISM (Depository services) certification exams comes to Rs. 2500/- per candidate.

    Stipend, incentives and reimbursements:

    1. Earn while you Learn (Stipends):

      A stipend amount will be paid to the students during the entire duration of the one year course

      Rs. 2,500/- p.m. during the nine months Campus period,         and
      Rs. 10,000/- p.m. during the internship period.

    2. Reimbursements:

      The fee amount will, however, be reimbursed by Bank after completion of certain number of years of service with the Bank, as shown below, as a sort of ‘loyalty bonus’.

      Completed number of years from the date of joining

      Amount reimbursed

      After 5 years

      Rs. 3.15 lakhs

      After 7 years

      Rs. 1 lakh



    3. Incentives / other facilities:

      1. Bank of Baroda will give away prizes for the best students in the course.

      2. Bank of Baroda shall provide uniform and blazer to the students in line with a common dress code and to ensure a specific uniform grooming for all the participants.


    Service Bond:

    All selected students, at the time of their joining the course itself, will have to execute a service Bond for serving a minimum of 2 years in the Bank w.e.f the date of their joining Bank’s service or else, shall pay back to the Bank the full amount of stipend received by him / her during the program, a notional amount of Rs. 1 lakh towards the cost of on-the-job training and also liquidate the entire Educational loan outstanding at that point in time at the prevailing card rate from the date of availment. From the 3rd year onwards, any officer leaving the Bank’s service will only have to clear his/her outstanding educational loan dues at the applicable card rate.

  4. Campus

    The Baroda Manipal School of Banking is being established, initially at a campus in Bangalore. Details of the Campus location, route map, etc. are provided separately under a separate menu-heading.

    The programme offered at the Baroda Manipal School of Banking is fully residential and the participants would be necessarily staying in the campus. Apart from professional studies, the campus life would be an essential part of the training of the participants.

  5. Medical Help

    A doctor and clinic would be available at appointed hours in the campus for providing medical assistance to the students, as required.
 
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CURRICULUM

The PGDBF would be a one-year programme comprising of four trimesters of 13 weeks each. First three trimesters would be conducted on Campus of the Baroda Manipal School of Banking (BMSB). The fourth trimester would be devoted to internship to be pursued by the participant at a designated Bank of Baroda Branch.

Course Credits:- Credits have been assigned to each course based on the hours of study/learning and other associated activities like case studies, tutorial discussions, case-presentations, lectures, library work and practical-work in laboratories etc. The credits assigned to each course are as given below. The outline of the curriculum of the Programme, course-wise and trimester-wise is given below:

First Trimester

#

Course

Course Code

Credit

1

Managerial Communication I

PAB601

2

2

Behavioural Program I

PAB603

2

3

IT in Banking

PAB605

2

4

Managerial Economics

PAB607

3

5

Business Mathematics and Statistics

PAB609

2

6

Accounting and Financial Management

PAB611

2

7

Basics of Banking

PAB613

2

8

General Management

PAB615

3

Second Trimester

#

Course

Course Code

Credit

1

Managerial Communication II

PAB602

2

2

Behavioural Program II

PAB604

2

3

Receipts and payment systems in banks

PAB606

2

4

Banking  Laws

PAB608

2

5

Basics of Lending

PAB610

3

6

Banking – Allied Services

PAB612

2

7

Banking Environment

PAB614

2

8

Development Banking

PAB616

3

Third Trimester

#

 Course

Course Code

Credit

1

Recovery Management

PAB621

3

2

Foreign Exchange

PAB623

3

3

Credit Risk Management

PAB625

3

4

Trade Finance and Cash Management Services

PAB627

3

5

Retail Banking

PAB629

3

6

Financial Planning

PAB631

3

7

Treasury Management

PAB633

3

8

Business Analytics

PAB635

3

Fourth Trimester

1

Project at Bank of Baroda (Internship)

PAB620

10

Total course credits

1st trimester

18

2nd trimester 18
3rd trimester 24
4th trimester 10
TOTAL 70
 
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The Course curriculum, course contents and course structure may however undergo change as per decision and requirements from time to time and as approved by Bank of Baroda, Manipal Global Education Services and Manipal University
 

PROGRAMME DELIVERY

  1. Programme conduct details

    Classes will be held five days a week from Monday to Friday with Saturday devoted to e-learning and Sunday being a weekly holiday. Apart from the regular classes, the programme participants would be required to take part in additional curricular and extra-curricular activities. Formal class room sessions will be of 75 minutes duration. There will be 6 sessions on each day. Programme delivery will be in the form of class room lectures, tutorial discussions, seminars, laboratory work, assignments, case studies, library research projects and other exercises. Considerable emphasis will be placed on self learning by the participants. Co-curricular activities will form an essential part of the learning process.

    The break up of time available for formal study is as follows: -

    1. No. of working days in a week: 5
    2. No. of sessions (1 hour & 15 Minutes) in a day: 6
    3. No. of subjects per trimester: 8
    4. No. of sessions per subject per trimester: as per credits assigned.

    Note: Some of the sessions may be devoted to tests – both in-trimester and end trimester. 

  2. Attendance requirements

    It is mandatory for all participants to take part in all curricular and co-curricular activities. They would be required to attend 100% classes. Leave of absence would be given only on extreme compassionate grounds with the specific permission of the Director, Baroda Manipal School of Banking.

  3. Student support services

    Apart from the formal classes, the students would be provided support for the learning process through the following means: -

    1. Lectures by experts from the Industry
    2. Library services to include access to e-library
    3. Study material prepared by the Baroda Manipal School of Banking
    4. Access to e-learning modules of Bank of Baroda.

  4. Project work

    Participants would be expected to work on a library research project during the first two trimesters. The topic for the project would be assigned to them by the School. A list of topics would be put up on the website and the participants would be required to submit three choices by selecting topics from the list. Efforts would be made to assign a topic to the participant based on his/her choice. The participants would be expected to make a presentation on the said topic during the third trimester.

  5. Award of Postgraduate Diploma

    A Postgraduate diploma in Banking and Finance will be conferred on a participant on his / her successful completion of the programme. However, for award of the postgraduate diploma, a participant has to fulfill the following requirements:

    1. He/she should have taken and passed in each course of study as prescribed in the curriculum to earn the minimum number of credits specified for that particular course.

    2. He/She would become eligible for the award of a diploma on acquiring 70 credits at the end of the programme.

    3. He/she should have satisfactorily fulfilled other academic requirements (as specified in the course of study/ curriculum) like practical training, work visits, seminar, project etc.
 
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EVALUATION

Evaluation process

A system of continuous evaluation based on the Continuous Grade Point Average (CGPA) system would be adopted. Participants would be assessed based on their performance in the classes like tutorial discussions, seminars, presentations, assignments, quiz tests and mid-session examinations, etc. This would be termed as internal assessment and would carry a weightage of 50%. The end-trimester examinations would carry a weightage of 50%. Internal assessment of 50% would generally be further sub-divided as follows: -

  1. Tutorial discussions: 10%
  2. Presentations/Seminars: 10%
  3. Assignments: 10%
  4. Quiz Tests: 20%

The end trimester test will comprise 50% multiple choice / short answer questions and the remainder will be descriptive type including case analysis. General guidelines for evaluation of the participants as per the CGPA system are as under:

Grading system for PGDBF as per Manipal University

Appropriate letter grades are awarded in each theory and practical subjects to only such candidates who have passed in the university examinations. Internal Assessment marks and University examination marks put together will be taken into account for the letter grading system in each subject separately.

A candidate registered for the university examination but who fails to appear or fails to score the minimum required 50% marks in the University examination will get a Grade ‘F’, indicating failure or grade of incompletion. After the results are declared, grade cards will be issued to each student, which will contain the list of subjects for that trimester and the grades obtained by the student.

A subject successfully completed cannot be repeated for improving the grade. Final evaluation of each subject (theory and practical separately) will be carried out on a 10 – point grading system corresponding to the marks obtained in that subject. Each subject letter grade is converted into a specific grade value associated with the letter grade as given below (Table)

TABLE

10 - POINT GRADING SYSTEM - MARKS RANGE GRADING GRADE VALUE

85% and above A+ 10
75% - 84% A 09
65% - 74% B 08
60% - 64% C 07
55% - 59% D 06
50% - 54% E 05
Less than 50% F 0

GRADE POINT AVERAGE (GPA)

The grade points are weighted in accordance with the number of credits assigned to a theory or practical subject and it is a product of credit and grade value. The Grade Point Average (GPA) is the weighted average of grade points awarded to a candidate.

GPA = Total grade points of a particular trimester * Total number of credits of the trimester

GPA for each trimester will be calculated for those candidates who have passed all the subjects of that particular trimester of the course.

CUMULATIVE GRADE POINT AVERAGE (CGPA)

The weighted average of GPAs of all trimesters that the student has completed at any point of time is the Cumulative Grade Point Average (CGPA) at that point of time.

CGPA up to any trimester will be calculated only for those students who have passed all the subjects up to that trimester. Generally, CGPA is calculated after the successful completion of the entire PGDBF course.

(GPA of each trimester = Total grade points of a particular trimester * Corresponding number of credits for that trimester)
CGPA= Weighted sum of the entire course credits or weighted average of GPAs of all trimesters.

 
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RULES AND REGULATIONS

  1. Guidelines for discipline

    BOB is a leading Public Sector Bank. Manipal Group is the national leader in the field of education. Therefore, it is imperative that all members of the Baroda Manipal School of Banking maintain the image of the School as a premier professional organization and adhere to the Code of Conduct that is expected from the Participants. It is incumbent upon all to maintain consistent standards of personal conduct. The participants would be expected to maintain proper decorum both in the Academic Block and in the Hostel. They would also be required to behave in a responsible manner when they are outside the school. Suitable instructions on various issues would be passed on to the participants from time to time by posting these on the BMSB website or on the BMSB notice boards. All participants are advised to read these notices regularly. It would be assumed that all participants have read these notices once these notices have been put up on the website/notice board and have been there for 6 hours. Some of the important points for compliance on issues of general nature are enumerated in the succeeding paragraphs.

    Discipline regulation for participants undergoing training at Baroda Manipal School for Banking (BMSB) is made available to them in the “student zone” of the local server. Besides, the Manipal University regulations shall apply for the examinations.

  2. List of Prohibited Articles/Acts:

    1. Consumption of Alcoholic beverages, cigarettes, tobacco in any form and chewing gum is strictly prohibited in the Campus and also in the Hostel. Participants are also not permitted to come to the hotel after consuming alcohol from outside.
    2. Fireworks are not permitted in the campus or the hostel.
    3. Holi colours are not permitted inside any building. Holi will be celebrated only in open spaces nominated by the authorities.
    4. Possession, consumption and offering of narcotic drugs in any form is totally prohibited. Any violation will invite severe disciplinary action.
    5. Stealing or unauthorized possession of items belonging to any other person would be viewed seriously.
    6. Possession, accessing it over the internet or displaying of any pornographic material in any form will invite severe disciplinary action.
    7. Mobile telephones are not permitted inside the academic blocks.
    8. No private conveyance like motorcycle/scooter/car, etc is permitted in the School.

  3. Interaction amongst Programme Participants:

    The progamme will be attended by both ladies and gentlemen. All gentlemen are expected to show due courtesy to the ladies. Any violation of decorum would be viewed seriously.

  4. Punctuality:

    Programme participants are expected to be punctual for classes and all other organized activities by the School.

  5. Dress Code:

    Bank of Baroda will issue dress to be worn by all participants. This dress, as laid down, would be worn for all classes and other organised activities. Till the time the participants are issued with the uniform dress code, they would abide by the following dress code: -

    1. Gentlemen.
      1. Formal office trousers and shirts with a tie. Most acceptable colours for trousers would be black, brown, blue and grey. Preferable pastel colours for shirts.
      2.  Suits for formal occasions.
      3.  Formal footwear
      4.  Well groomed.

    2. Ladies.
      1. Silk or cotton (starched) sari
      2. Formal western wears (formal trousers/skirts with a top or a jacket) or salwar kameez.
      3. Formal footwear.
      4. Well groomed.

  6. HOSTEL RULES

    General

    There will be separate wardens for the gentlemen’s and the ladies’ hostels. The wardens would be responsible for the discipline in the hostel and for allotment of the rooms. The concerned Warden heads the Hostel Management Committee. The wardens will be assisted by hostel supervisors and other staff who will be responsible for maintenance of the buildings and other assets. In addition, floors in charge would be nominated to join the management Committee who will assist the wardens in the day to day functioning of the hostels. Similarly, a Mess Committee would be formed to assist the warden in smooth running of the hostel mess. Aim of setting up the management committee is to ensure a clean and secure living environment that is conducive for the academic advancement.

    Gentlemen are not permitted to visit the floors of the hostels earmarked for the Ladies.  Similarly, ladies are not permitted to visit the Gentlemen’s rooms or the floors occupied by them.

    All residents are expected to be properly dressed before they come out of their rooms. They should not be found roaming around in the corridors improperly dressed.

    Allotment and Vacating the Hostels

    Rooms would be allotted to the residents by the warden. The allotment would be valid for the complete duration of the Programme. Residents shall not change over to any other room except with the written permission of the warden. Residents may be required to shift to other blocks/rooms in organizational interest, as and when directed by the hostel authorities.

    Residents are advised to check all fixtures and fitments in their respective rooms as per the inventory at the time of occupation.

    Residents would be required to vacate the hostel at the time of proceeding for the internship during the fourth trimester. Any damage to the hostel property in their respective rooms would have to be made good by the Residents.

    Maintenance and Upkeep

    Residents must tidy up their rooms every day before leaving for classes or going out of the hostel.

    Any request for repair or maintenance should be entered in the registers specifically kept for this purpose with the hostel warden. Residents must bring to the notice of the supervisory staff any failure or breakdown in electric supply. They should not attempt to repair the defects in the mains or in the distribution system.

    When leaving their rooms, the residents must switch off all lights, fans and water taps.

    Bed linen would be changed at stipulated intervals by the supervisory staff.

    Residents are advised not to deface the walls of the hostels by pasting posters etc. Similarly, no alterations of any nature are permitted.

    The rooms and surroundings must be kept neat and clean. Services of cleaners would be provided by the hostel.

    Cooking in the hostel rooms is not permitted.

    Pets of any kind are not permitted in the hostel premises. Feeding of stray dogs and cats or any other animals is not permitted in the hostel premises.

    Resident’s Mess

    All residents would be necessarily required to dine in the Resident’s Mess. They would be expected to adhere to the laid down timings.

    General Conduct

    Playing of loud music and disturbing other residents is not permitted. All residents are expected to maintain the decorum by not disturbing their room mates or their neighbours.

    Playing of any outdoor games in the corridors of the hostels is not permitted.

    The Wardens or their representatives may enter any room for verification at any time of the day or night.

    All residents must return to the hostel latest by 7.30 pm (girls) / 10 pm (boys).

    Any absence from the hostel at night must be with the specific permission of the warden.

    Residents are not permitted to allow their rooms to be used by any other person.

    Visitors must be entertained in the areas specifically earmarked for them.

    All residents must inform the warden about any disciplinary or other problems concerning them or their roommates / neighbours.

    No television is permitted to be kept in any hostel room.

    Residents are advised not to keep any valuables or jewellery, etc in their rooms. All expensive items must be kept under lock and key when the residents are not in their rooms. The management will not be held responsible for loss of any valuables. All rooms when the residents are not present must be locked and the key handed over to the security by the last occupant leaving the room. Residents are not permitted to bring any type of private conveyance to the hostel.

    Complaints and Representations

    All complaints shall be made in writing and addressed to the warden.

    Residents are not permitted to convene meeting of any sort in the hostel premises without the prior permission of the warden.

  7. Conclusion

    These instructions are by no means comprehensive. All Students admitted to the course are provided with a Participant Handbook and a copy of the discipline rules & regulations, which they have to abide by at all times during the programme. Any issue, not expressly provided herein, would rest at the absolute discretion of the BMSB authorities who also reserve the right to modify these instructions. It would be the earnest endeavour of the management to make the living conditions in the hostel as comfortable as possible. Cooperation of the residents would help the management in achieving this aim.
 
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STIPENDS, REIMBURSEMENT OF COURSE FEES AND PRIZES

  1. Earn while you Learn (Stipends):

    A stipend amount will be paid to the students during the entire duration of the one year course

    Rs. 2,500/- p.m. during the nine months Campus period, and
    Rs. 10,000/- p.m. during the internship period.
  1. Reimbursements:

    The fee amount will, however, be reimbursed by Bank after completion of certain number of years of service with the Bank, as shown below, as a sort of ‘loyalty bonus’.

Completed number of years from the date of joining

Amount reimbursed

After 5 years

Rs. 3.15 lakhs

After 7 years

Rs. 1 lakh

  1. Incentives / other facilities:
    • Bank of Baroda will give away prizes for the best students in the course.
    • Bank of Baroda shall provide uniform to the students in line with a common dress code and to ensure a specific uniform grooming for all the participants.
 
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FAQS

    1. What is the objective of opening of the Baroda Manipal School of Banking and how is it different from the usual Probationary Officer recruitment drive?

    2. How can I apply?

    3. Which are the locations in which the process is being conducted?

    4. Who can apply?

    5. What is the selection procedure?

    6. How will you inform me for appearing for various activities of the selection process?

    7. When is the selection process being held?

    8. What happens after I am selected?

    9. How do I, as a student selected for this course, stand to benefit as far as the cost of this course is concerned?

    10. When and where do I have to get the educational loan sanctioned once selected?

    11. Will I be required to sign any agreement for the loan?

    12. Is there a service bond applicable after joining the Bank’s service on successful completion of the course?

    13. What is the Guarantee that Bank of Baroda will definitely recruit on successful completion of the course and give job as a probationary officer in JMG/S-I after the training and Internship?

    14. What would be my Salary once I join the bank after completing the programme?

    15. What are the areas in which training will be provided?

    16. When is the Course starting?

    17. Where will the course be held?

    18. Which functional area / location would the Probationary officers be placed on absorption in the Bank post successful completion of the 1 year programme?

1

What is the objective of opening of the Baroda Manipal School of Banking and how is it different from the usual Probationary Officer recruitment drive?

 

It is an initiative by Bank of Baroda to attract bright graduate students to pursue a career in banking and provide them with the necessary training, knowledge and skills to become a competent banker.

The usual probationary officer recruitment exercise is a large-scale recruitment drive with a written test involving lakhs of applicants. Hence, selection is tough in view of the relatively smaller number of posts advertised vis-à-vis the number of applicants. Hence, the rejection rate is substantially higher in a direct PO examination. Also, the selected POs come into the system, untrained and take time in the Bank to actually show results and perform to their true potential.

In contrast, the POs joining the Bank through the Manipal School of Banking would have gone through a focused course in Banking and Finance and therefore would already be in possession of Banking knowledge and skills. Also, since a lot of Bank of Baroda’s internal processes, products, technology etc. would be imparted as part of the course itself, the POs coming through this stream stand at a distinct advantage in so far as they would be able to contribute and perform right from Day1 itself without having to further acculturise themselves or going through any further training, classroom or on-the-job.

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2 How can I apply?
 

Log on to the Baroda Manipal school of Banking link in the careers page of the Bank’s website www.bankofbaroda.com.

Under the link of Baroda Manipal school of Banking and further under the sub-head, ‘ADMISSIONS’, click on the link “APPLY HERE” and you will be redirected to the website , where you can find the online application form.

The Application form / link will be available / open from 4th May’ 2013 onwards upto 18th May’ 2013, for the selection exercise for the year 2013-14.

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3 Which are the locations in which the process is being conducted?
 

The online test is conducted at around 50 locations across the country. You will get the list of locations, segregated statewise, amongst which you will be required to give choice of preference of centre, in order of preference. It will be endeavoured to give you a test venue in one of the centres opted by you in order of preference; however, the Bank cannot guarantee the same. The venue and centre allocated to you will be mentioned in the call letter and the same will be final, no change being permissible in the centre or venue, once allocated.

The dates for the subsequent processes of interview / GDs will be announced at a later date for which successful candidates will get an e-mail/SMS, downloadable call letter.

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4 Who can apply?
 

The eligibility criteria for applying for admission to the course, “Post-graduate Diploma in Banking and finance” from the Baroda Manipal School of Banking for the selection exercise 2013-14, is given below:

  1. Qualification (As on 01.09.2013) -

    Degree with 60% (55% for SC/ST/PWD) marks in any discipline from a recognized University 

    OR

     Any equivalent qualification as such recognized by Central Government.

    Students appearing in final year degree exams can also apply subject to their submitting their Final Degree Mark sheet & Provisional Certificate on or before 01.09.2013 and securing minimum percentage as stated above

  2. Age (As on 01.09.2013) Minimum 21 years- Maximum 26 years i.e.  a candidate must have been born not earlier than 02.09.1987 and not later than 01.09.1992 (both dates inclusive)
  3. Relaxation in Upper Age Limit

    1. Scheduled Caste/ Scheduled Tribe candidates by 5 years
    2. Other Backward Classes candidates by 3 years
    3. In the case of Ex-servicemen and Commissioned Officers including ECOs/ SSCOs who have rendered at least 5 years military service and have been released on completion of assignment (including those whose assignment is due to be completed within the next one year from the last date for receipt of application) other than by way of dismissal or discharge on account of misconduct or inefficiency or on account of physical disability attributable to military service or on being declared as invalid, by 5 years for selection through written test & interview, subject to ceiling, as per Govt. Guidelines.
    4. All persons who have ordinarily been domiciled in Kashmir Division of J & K State during 01.01.1980 and 31.12.1989 by 5 years
    5. For Persons with Disability by 10 years which by cumulation becomes (a) by 15 years for SC/ST (b) by 13 years for OBC and (c) by 10 years for General.

    Note:

    1. An ex-serviceman, who has once joined a Government job on the civil side after availing the benefits given to him as Ex-serviceman for his re-employment including a job in Public Sector undertaking, ceases to enjoy ex-serviceman status for his further employment.
    2. The relaxation in upper age limit is cumulative, as per the Government Guidelines.
    3. All Persons eligible for age relaxation under para 4B (d) above must produce the domicile certificate at the time of interview from the District Magistrate in the Kashmir Division within whose jurisdiction he/she had ordinarily resided or any other authority designated, in this regard by Government of J & K to the effect that the candidate had ordinarily been domiciled in the Kashmir Division of the State of J&K during 1st January 1980 and 31st December 1989.

 

You can refer to the detailed eligibility criteria under the menu head “ADMISSIONS” of the Baroda Manipal school of Banking link in the careers page of the Bank’s website www.bankofbaroda.com

Applicants, if they are found not to fulfill the eligibility criteria prescribed at any stage will be summarily disqualified from the selection process.

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5 What is the selection procedure?
 

The selection will be through a multi stage selection process comprising of:

a. Objective (Online Test)
b. Description (Offline Test)
c. Group Discussion
d. Interview

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6 How will you inform me for appearing for various activities of the selection process?
 

Applicants will be required to register themselves first while filling up the online application form. Registered candidates will be given an USER ID and PASSWORD, which they can use in the website to download their hall tickets for the online test, the call letters for the interview and / or various other notifications from time to time. Announcements and schedule for the completion / initiation of various activities shall be posted in the website and candidates are requested to keep themselves updated of the progress / notifications regarding the selection process by regularly visiting the website.

Candidates shall also have to mandatorily provide an E-Mail address and/or Mobile Number. An email & SMS intimation shall also be sent informing them about various notifications in this regard. Call letters informing them about the venue and date of the process will also be sent through e-mail.

** Please ensure that your e-mail address & mobile numbers provided by you are duly updated and in use.

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7 When is the selection process being held?
  The Test is likely to be held on 7th July 2013 This will be followed soon after by the Group Discussions / Interviews for candidates who are found successful in the aptitude test and the GDs / PIs are likely to be completed in August / September 2013
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8 What happens after I am selected?
 

The selected candidates will be issued an offer letter from Bank of Baroda, inter-alia containing information about:

  1. Admission for the course detailing the program, the scheme, the fee structure, education loan availability, the course curriculum, the criteria for successful completion, internship, evaluation procedure, joining requirements in terms of academic and internship performance and the stipend and facilities available during the campus terms / internship, etc.

  2. A provisional offer of employment in Bank of Baroda, subject to their successful completion of the course and other joining requirements as specified therein and which will also contain details of the compensation and other benefits applicable to them on their joining Bank.

Selected students will have to undergo a medical examination to certify their fitness for a Bank’s job at the time of their entry into the course itself. Upon being found medically fit, at a nearest zonal / regional office centre of the Bank, the students will be granted admission into the course, where they will undergo a 12 months intensive residential classroom training and internship with a stipend attached throughout the period of 12 months.

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9 How do I, as a student selected for this course, stand to benefit as far as the cost of this course is concerned?
 

This training is in effect a cashless schemefor aspiring students into a managerial job and a Banking career. To pursue this course, the interested students will have to invest Rs. 3.15 lacs plus applicable taxes, which will be provided by Bank of Baroda as a subsidized loan at an interest rate of 8% p.a. [Service Tax on the loan amount will be paid by the probationary officer].

On successful completion of the training & internship, the students will be absorbed as Probationary officers in the Bank in Junior Management Grade / scale -I.

The EMIs for the loan would start once the POs have joined the bank. There would be no recovery of EMIs or interest during the training period and the interest accrued during this period would be recovered alongwith the normal EMIs. The EMIs are spread over a period of 84 months to ensure that there is minimal impact in the monthly earnings of the PO.

On successful completion of 60 months of service, the loan amount of Rs. 3.15 lacs would be paid back to the officer and on completion of 84 months of service, even the notional interest amount upto an amount of Rs. 1 lac would be repaid back to the officer. Thus, while the student is not required to pay any amount at the beginning of the course (if availing education loan), the entire amount (covering even the notional interest amount also) will be reimbursed back to the officer progressively by the time he/she completes 7 years of service in the bank, making it a total cashless scheme to obtain quality Banking and managerial education in the first place and to obtain entry to a lucrative Banking career with one of India’s largest Banks.

The gross salary on joining the Bank after training will be in the range of Rs. 4 lacs per annum plus various facilities, perquisites, benefits, etc. as applicable to officers in JMG/S-I.

Therefore, despite the Rs, 3.15 lacs amount being paid by the student, it is still a very lucrative offer and a cashless one at that, because of the following reasons:

  • An educational loan is being extended by Bank of Baroda at a very subsidized interest rate of 8% p.a. to fully finance the course fees.
  • No EMIs/Interest will be recovered during the training period and in turn the student will be paid a stipend amount of Rs. 2500/- during class room training phase of 9 months & Rs. 10,000/- during Internship phase of 3 months) to meet out of pocket expenses.
  • The EMI/Interest recovery starts only from the 1st salary drawn by the Probationary officer on joining the bank after completion of the training & internship.
  • The salary for the PO at the grade that he/she would be joining (JMG/S-I) can adequately cater for the payment of loan EMI and the loan duration has been sufficiently increased / staggered to 7 years to ensure smaller EMI amount of approximately Rs. 5,000/- per month only.
  • On completion of 60 months / 84 months of service with Bank of Baroda, the Bank will make reimbursements, which will cover the entire loan amount (Rs. 3.15 lacs + interest).
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10 When and where do I have to get the educational loan sanctioned once selected?
  The educational loan will be made available at a Bank of Baroda Branch nearest to the residence of the selected student, immediately on being declared successful and when asked to join BMSB by the Bank. The selected candidate will have to complete the loan formalities including signing of loan documents, etc. Details of the formalities to be carried out for availing loan will be intimated along with the offer of admission.
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11 Will I be required to sign any agreement for the loan?
 
Yes. Loan agreement, as is required for an educational loan that an individual avails from a bank, would have to be signed. There will be no Processing charges but value of stamp paper / stamp duty as applicable in the Applicant’s State or as decided by the bank will have to be paid in cash for the agreement. Approximately Rs.600-Rs.750, as per Stamp rules applicable in the State.
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12 Is there a service bond applicable after joining the Bank’s service on successful completion of the course?
 

All selected students, at the time of their joining the course itself, will have to execute a service Bond for serving a minimum of 2 years in the Bank or pay back a penal amount as stipulated below:

  1. If, for any reason whatsoever, you leave during the 9 month course period (Campus training period) and have availed an educational loan from the Bank, Bank of Baroda shall recover the entire loan amount outstanding along with the interest at card rate (which is the normal commercial rate of interest) along with any stipend amount received by him/her till that time.

    e.g. If the student leaves after 3 months of joining the training, he would be required to pay back the stipend amount received by him/her during the 3 months and the Education Loan outstanding + Interest @ commercial rate p.a. for 3 months towards the educational loan repayment.

  2. If a student leaves either during the internship period or within the first 2 years of joining service, then he / she shall pay back to the Bank the full amount of stipend received by him / her during the program, a notional amount of Rs. 1 lac towards the cost of on-the-job training and also liquidate the entire Educational loan outstanding (by reckoning interest at the prevailing commercial rate at that point in time from the date of availment).

    e.g. If a PO leaves 4 months after joining the Bank after completion of the 1 year course, he / she would be required to pay the following:


    1. Stipend amount received by him during the 1 year course (Rs. 52,500/-)
    2. Repayment towards loan outstanding:    Rs. 3.15 lacs + Interest @ commercial rate of interest for 16 Months (12 months training + 4 months as employee) – EMIs/Interest already paid.
    3. Rs. 1 lac towards notional cost of internship training.

  3. If a student leaves after completion of 2 years of service in the Bank but at anytime before repayment of the entire loan outstanding, then he/she will only have to clear his/her outstanding educational loan dues at the time of leaving which again will also be calculated by reckoning interest at the prevailing card rate from the date of availment.
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13 What is the Guarantee that Bank of Baroda will definitely recruit on successful completion of the course and give job as a probationary officer in JMG/S-I after the training and Internship?
 
All the students selected for the course will be given a provisional offer of appointment at the time of their admission to the course itself at Baroda Manipal school of Banking, which offer is applicable upon their successful completing the course and other terms and conditions of the said completion. The said job offer of appointment as a probationary officer in JMG/S-I is guaranteed by Bank of Baroda on successfully completing the training and Internship and fulfilling the necessary terms and conditions of the offer.
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14 What would be my Salary once I join the bank after completing the programme?
  Your gross annual salary on joining the bank will be in the range of Rs. 4 lacs p.a. (Salary component and allowances as applicable). Additionally, officers in JMG/S-I are also entitled to various benefits / perquisites, facilities from the Bank like various reimbursements, concessional loan facilities for different purposes, LTC / LFC, holiday home, medical facilities for self and dependant family members, etc.
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15 What are the areas in which training will be provided?
 
Applicants joining the programme will be trained in various areas of management as well as in the Banking and Finance domain. The detailed course curriculum is available under the sub-head of “ABOUT THE PROGRAMME” under the link, Baroda Manipal school of Banking in the careers page of the Bank’s website www.bankofbaroda.com.
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16 When is the Course starting?
  For the current selection exercise for 2013-14, the 1st batch is scheduled to start in September 2013. 3 more batches will be inducted from the same merit list of this current exercise, one batch every 3 months.
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17 Where will the course be held?
  The course will be conducted in the campus of the Baroda Manipal school of Banking at Bangalore or at any other location / campus in India as opened subsequently or as decided by Bank of Baroda.
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18 Which functional area / location would the Probationary officers be placed on absorption in the Bank post successful completion of the 1 year programme?
 

Students joining as Probationary officers in Bank of Baroda upon successful completion of the course will be placed in Branches / offices of the Bank anywhere in India as per the needs and business requirements of the Bank. However, the Bank while posting them shall take into account their place of domicile (though this aspect alone shall not be a reason for definite posting in any place), expertise in any functional area, previous experience (if any) and caliber for any particular specialized area as may have been demonstrated / brought out during the programme including during the 3 month internship period.

Specialization in a functional area is decided by the Bank based on the prevailing needs and business requirements. However, all the officers who have passed out from the Baroda Manipal school of Banking, by virtue of their special one year training and background shall definitely be placed in important, critical and challenging assignments across the Bank.

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