Banks should focus on recruitment process: RBI dy.governor

The Deputy Governor of Reserve Bank of India, Mr. K C Chakrabarty has expressed his discontent on the practice of hiring B-school graduates by the banks; he believes that because of this the suitable candidates are not getting the chance that they are entitled of.

He insisted on recruiting the candidates through competitive exams, so that every candidate has equal chance. He also criticized the practice of online job application by the banks as internet facilities are still at dearth and every one does not have access to it.

He further said “When financial Inclusion is the major concern of Indian banking, don’t we need people who would be closer to the ground realities of the countryside? How .many of these people recruited through B-schools will have empathy towards the poorest of the poor? Why should we be rushing to the B-school campuses for recruitments?”