In the western region of India, United Western Bank Ltd has established its presence as a large networking of private banks with plenty of banking functions for the common man. Established in 1936, in the state of Maharashtra, the bank was aimed to provide financial assistance and fulfil other banking needs of people in the region of Satara. But gradually, it has grown significantly to about 230 branches and 65 ATMs as of 2005. Plenty of functions such as finances, loans, insurance products, etc are provided for people. In the year 2006, the United Western Bank Ltd was taken over by Industrial Development Bank of India, under the directives of the RBI. Then, all the branches of UWB came under the possession of IDBI and the account holders were now having their accounts with IDBI, without any loss of their money.
Job Scenario With The Bank
Since many years, the United Western Bank Ltd has been instrumental in providing jobs to many people in the western region of India, especially for banking job aspirants from Maharashtra. Different branches throughout the country seeks more number of skilled personnel to handle the demands of the jobs and satisfy the banking requirements of millions of people, who are depending on the bank for various loans, deposits, insurances, mutual funds, and other transactions. Now, after the takeover by IDBI, the positions in different banks would be filled up by the recruitment drive by IDBI. Various positions such as of clerks, probationary officers and specialist officers are coming up time and again. Depending on the number of vacancies, there will be the selections based on written and interview rounds for different positions.
Present & Future Of Job Options
Until now, a lot of people have been recruited in different branches of the United Western Bank Ltd, which is being looked after by IDBI Bank, since 2006, and they have gradually grown in stature in the company’s hierarchy. In addition, their salaries have increased as per the government rulings and banks financial policies. In 2011 and 2012, a lot of positions of vacancies were advertised and candidates were selected into the clerical cadre and officer positions. This has helped many candidates into banking careers and they have been posted in different branches throughout the country.
With further expansion plans in the pipeline, the IDBI bank has turned out to be a potential job provider to thousands of candidates who are waiting to be absorbed into the banking sector. In 2013, there is going to be a huge number of vacancies in different branches of this bank, so that it would be a great opportunity for those aspirants from Maharashtra as well as other states in India, to get into the bank jobs. More than 100 posts of clerks and probationary officers will be advertised, so that there is a growing excitement among the candidates to put in their applications when the next recruitment drive is advertised.
Being a private bank, the United Western Bank under IDBI Bank offers a lot of competition among the job aspirants. The selection process is quite tough due to the written and interview rounds and it is also an impetus for the candidates to go for their best shot to be selected in this gradually expanding private bank of India, catering mostly to the western part of the country.