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2.SHYAM SINGH
BHADAURIYA
3.SONIYA JAIN
4.SUNNY
DENNIS
5.TANUSHREE
CHATERJEE
ACKNOWLEDGEMENT
It is our proud privilege to release the feeling of our gratitude to several people who
have helped us directly or indirectly to conduct this project work.
We are greatly thankful and owe a deep sense of gratitude to our faculty guide
Prof.Shruti Tiwari, for her sincere guidance, help and valuable suggestions in
completing this project work.
We would love to express our gratitude to respected Dr. P.K. Jain for his moral support
and encouragement. Last but not the least our deepest sense of appreciation goes to
my parents and co-workers who were always there as a source of inspiration.
We here by declare that the work presented in this project report entitled “A
COMPARITIVE STUDY OF RECRUITMENT METHODS IN HDFC ,ICICI,SBI AND
APEX BANK ”in partial fulfillment of requirement for the award of degree of master of
business administration ,submitted in the Pioneer Institute of Professional Studies,
Indore is an authentic record of our work under the guidance of Prof. Shruti Tiwari
DIRECTOR
Dr.V.K Jain
2. SHYAM SINGH
BHADAURIYA
3. SONIYA JAIN
4. SUNNY DENNIS
5. TANUSHREE CHATTERJEE
CERTIFICATE
This is to certify that Shweta Sharma, Shyam Singh Bhadauriya, Soniya Jain, Sunny
Dennis, Tanushree Chatterjee of MBA –second semester has successfully completed
his/ her project on comparative study of recruitment of HDFC, ICICI, SBI and APEX
bank for the completion of his/her curriculum.
Director
Dr.V.K Jain
Guided by
Prof.Shruti Tiwari
Chapter-1 Introduction:
Conceptual framework
Literature review
Rationale
Objectives
Research design
Chapter-4 Conclusion:
Conclusion
Suggestions
References :
Bibliography
Webliography
Annexures:
Questionnaire & schedule
Chapter – 1 INTRODUCTION
CONCEPTUAL FRAMEWORK-
Banks are the most significant players in the Indian financial market. They are the
biggest purveyors of credit, and they attract most of the savings from the population.
Dominated by public sector, the banking industry has so far acted as an efficient partner
in the growth and the development of the country. The Indian banking can be broadly
categorized into nationalized (government owned), private banks and specialized
banking institutions. The Reserve Bank of India acts a centralized body monitoring any
discrepancies and shortcoming in the system.
RECRUITMENT-
Recruitment refers to the process of attracting, screening, and selecting qualified people
for a job at an organization or firm. For some components of the recruitment process,
mid- and large-size organizations often retain professional recruiters or outsource some
of the process to recruitment agencies. Recruitment is the process, which links the
employers with the employees. Recruitment determines the present and future
requirements of the organization in conjunction with its personnel planning and job
analysis activities.
IMPORTANCE OF RECRUITMENT-
1- Attract and encourage more and more candidates to apply in the organization.
2- Create a talent pool of candidates to enable the selection of best candidates for the
organization.
ICICI BANK
ICICI Bank started as a wholly owned subsidiary of ICICI Limited, an Indian financial
institution, in 1994. Four years later, when the company offered ICICI Bank's shares to
the public, ICICI's shareholding was reduced to 46%. In the year 2000, ICICI Bank
offered made an equity offering in the form of ADRs on the New York Stock Exchange
(NYSE), thereby becoming the first Indian company and the first bank or financial
institution from non-Japan Asia to be listed on the NYSE. In the next year, it acquired
the Bank of Madura Limited in an all-stock amalgamation. Later in the year and the next
fiscal year, the bank made secondary market sales to institutional investors.
With a change in the corporate structure and the budding competition in the Indian
Banking industry, the management of both ICICI and ICICI Bank were of the opinion
that a merger between the two entities would prove to be an essential step. It was in
2001 that the Boards of Directors of ICICI and ICICI Bank sanctioned the amalgamation
of ICICI and two of its wholly-owned retail finance subsidiaries, ICICI Personal Financial
Services Limited and ICICI Capital Services Limited, with ICICI Bank. In the following
year, the merger was approved by its shareholders, the High Court of Gujarat at
Ahmedabad as well as the High Court of Judicature at Mumbai and the Reserve Bank
of India.
Present Scenario
ICICI Bank has its equity shares listed in India on Bombay Stock Exchange and the
National Stock Exchange of India Limited. Overseas, its American Depositary Receipts
(ADRs) are listed on the New York Stock Exchange (NYSE). As of December 31, 2008,
ICICI is India's second-largest bank, boasting an asset value of Rs. 3,744.10 billion and
profit after tax Rs. 30.14 billion, for the nine months, that ended on December 31, 2008.
Personal Banking
• Deposits
• Loans
• Cards
• Investments
• Insurance
• Demat Services
• Wealth Management
NRI Banking
• Money Transfer
• Bank Accounts
• Investments
• Property Solutions
• Insurance
• Loans
Business Banking
The ARB Apex Bank Limited was incorporated as a public limited liability company on
4th January, 2000. Its shareholders are the Rural and Community banks. It was granted
a banking licence on 23rd April, 2001 and was admitted to the Bankers Clearing House
as the 19th member in August, 2001. It had its certificate to commence business on 1st
November, 2001, thus, completing all the legal processes for the commencement of
operations. The ARB Apex Bank Limited began clearing services on 2nd July, 2002 in
all the 11 clearing centres in Ghana. The bank has outlets in all the 10 regional capitals
and Hohoe.
The ARB Apex Bank Ltd was registered under the Companies Code 1963, Act 179 as a
public limited liability company and licensed by the Bank of Ghana under the then
Banking Law, 1989 (PNDCL 225) as repealed by the Banking Act 2004, (Act 673) .
Apart from the above legal and regulatory framework in which the Bank is operating, it is
also subject to the Bank of Ghana Act, 2002 (Act 612) and other directives issued by
the Bank of Ghana from time to time. The Bank is also regulated by other legislations
relating to the administration of financial matters which are in force for the time being,
that is, Financial Administration Act, 2003 (Act 654), Public Procurement Act, 2003 (Act
663); among others. Furthermore, the ARB Apex Bank Ltd is regulated by its
Regulations; ARB Apex Bank Regulation (L.I.1825).
HDFC BANK:
HDFC Bank specializes in the provision of banking and other financial services to
corporate and institutional clients. The company’s services include commercial,
transactional and electronic banking products. It also provides treasury services, retail
banking and capital markets infrastructure. The company primarily operates in India.
HDFC Bank is headquartered in Mumbai, India and employs about 14,900 people. The
company recorded revenues of INR124,928 million (approximately $3,131.9 million)
during the fiscal year ended March 2008, an increase of 51.9% over 2007. The net profit
was INR15901.8 million (approximately $398.7 million) in fiscal year 2008, an increase
of 39.3% over 2007.
Scope of the Report
- Provides all the crucial company information required for business and competitor
intelligence needs.
- Contains a study of the major internal and external factors affecting the company in
the form of a SWOT analysis as well as a breakdown and examination of leading
product revenue streams.
- Data is supplemented with details on the company’s history, key executives, business
description, locations and subsidiaries as well as a list of products and services and the
latest available company statement.
Reasons to Purchase
- Support sales activities by understanding your customers’ businesses better.
- Qualify prospective partners and suppliers.
- Keep fully up to date on your competitors’ business structure, strategy and prospects.
- Obtain the most up to date company information available .
STATE BANK OF INDORE:
The State Bank of Indore was initially known as the Bank of Indore Ltd. From January 1,
1962, this bank became a subsidiary of the State Bank and thus, it came to derive its
name. Incidentally, by the end of the March 2009, the bank has amassed a turnover of
Rs. 50,000 crore. The bank aims at providing quality services to its customers by
uncompromising levels of d State Bank of Indore came into existence under a special
charter of His Highness Maharaja Tukojirao Holker-III who was the ruler of Indore during
that time. This bank oversaw the business of the Bank of Dewas Ltd. in 1962 and the
Dewas Senior Bank Ltd. in 1965. In the year 1971, the State Bank of Indore was
elevated to the status of an 'A' category bank. From that day on, the bank strives to
provide quality service and facilities to its customers and the like.
Corporate objective:
The State Bank of Indore has set certain corporate goals and objectives for its proper
functioning. This includes the bank's achievements to retain the good work it has done
over the years of thus being the premier bank of Madhya Pradesh. It also strives to
create and maintain assets of quality in order to raise itself to international standards in
terms of art technology. Another important objective of the SBICI include its earnest
effort of continuing as the representative of the State Bank of India. Finally, the SBICI
aims at providing better and enhanced customer service through its outlet branches
across the country.
State Bank of Indore provides a variety of services to its customers. These are designed
for the benefit of the customers and ensuring that they receive the best possible
outcome from the services rendered by the bank. Given below is the list of these
services:-
• Cross Selling
• Personal Segment
• SIB Segment
• Agriculture Segment
• C&I Segment
• SSI Charter
• International Banking
• NRI Services
Given below are the lists that elaborate on each of the products offered by the State
Bank of Indore:-
Cross Selling :-
• SBI Life
• Mutual Fund
• Credit Cards
• Money Back Policy
• Shakti
• Interest Rates
Personal Segment :-
• Education Loan
• Medical Loan
• Loan to Pensioners
• Housing Loan Scheme
• Scheme for Car Loans
• Personal Loan Scheme
• Festival Loan Scheme
• Loan Scheme for Two Wheeler
• Loan for Earnest Money
• Interest Rates
• Loan against Mortgage (Immovable Property)
LITERATURE REVIEW:-
By Gareth roberths in 2007:
Recruitment and selection is the foundation of all other HR activity. Get it wrong and it
doesn’t matter how good your development programme is, how well you motivate your
staff, how you manage their performance, or even how well you reward them, you are
always making up for that one bad decision. It is also one of your principal points of
contact with line managers: deliver a less than perfect performance there and your
chances of being taken seriously as a strategic business partner are gone. Get it right,
however, and you can transform a mundane, everyday HR process into a chance to
improve your organization’s performance by improving the quality of the people you are
asking to deliver that performance. Do that, and your line managers and senior
management colleagues will sit up and take notice.
Paperback - 2007-12-10
by Jon Bills berry
(Author):
Recruitment and selection is a stressful and traumatic transition for both the people and
the organizations, where futures are decided and destinies set. How does it feel to be
involved in this process?
RATIONALE:-
“Every business needs a business plan.” Every organization makes strategies for their
growth and progress. The most important resource in the bank or in any organization is
human resource or manpower. Recruitment strategies are different in different banks.
To make ourselves updated with the strategies for recruitment in banks we must extent
our knowledge about recruitment strategies and the recruitment process of bank.
OBJECTIVE-
1. To compare the recruitment methods of Private Banks and Public sector Bank.
CHAPTER-2 RESEARCH METHODOLOGY:
STUDY:
The study is being conducted for comparing the recruitment methods adopted by
two Private Banks and two Public Banks and in order to analyse the various aspect
of the recruitment methods.
Tools for data Analysis: Tables are being used to analyse a comparative study
of recruitment methods of HDFC,ICICI,SBI and APEX bank.
CHAPTER-3 RESULTS AND DISCUSSION:
RESULTS
Private Public
Bank ICICI Bank HDFC Bank SBI Bank APEX Bank
No.of 5000 4000 11000 500
candidate
While in Public Banks i.e. in SBI 11000 and in APEX Bank 500 candidates are
recruited every year.
Q2.How many examinations are conducted for recruitment every year?
Private public
Bank ICICI Bank HDFC Bank SBI APEX Bank
Categorie
s
01 – 03 No No yes No
03 – 05 No No No No
Private Public
Bank ICICI HDFC SBI APEX
Categorie
s
One No No No No
Three No No No No
Four No No No No
Private Public
Bank ICICI HDFC SBI APEX
Time needed for 30 days 45 days 3 to 4 months 45 days
recruitment
Interpretation – For private banks i.e. in ICICI bank recruitment time is 30 days and
in HDFC recruitment time is 45days while in public banks i.e. in SBI the recruitment time
is 3 – 4 months and in APEX bank the recruitment time is 45 days.
Q.5 What are the medium through which vacancies are advertised?
Private Public
Medium ICICI Bank HDFC Bank SBI APEX Bank
Newspaper Yes Yes Yes Yes
Interpretation – The mediums which are used in HDFC, SBI and APEX bank are
Newspaper, Consultant Agencies and Internet but in ICICI bank the medium
Consultancy agencies is not used.
Q.6 What are the basic skills/abilities required for the candidate?
Private Public
Basic ICICI bank HDFC bank SBI APEX bank
Skills
Experience Yes Yes Yes Not necessary
Interpretation – The basic skills and abilities required for the candidate in HDFC and
SBI are Experience, Education and computer skills but in ICICI bank Experience and
Education are must but computer skills are not necessary and in APEX bank Education
and computer skills are must but Experience is not necessary.
Private Public
ICICI Bank HDFC Bank SBI APEX Bank
21 – 30 21 -30 21 – 30 Below 30
Interpretation – The age limit is compulsory to apply in HDFC, SBI and ICICI bank is
21 to 30 and in APEX bank the age limit is below 30.
Q8.Can employees and relatives of bank and other group companies apply
to the programme?
Private Public
ICICI Bank HDFC Bank SBI APEX Bank
No Yes Yes Yes
Interpretation – The bank employees relatives and other group companies can
apply to the programme in HDFC, SBI and APEX but not in ICICI bank.
Private Public
ICICI Bank HDFC Bank SBI APEX Bank
No Yes Yes Yes
Interpretation – The sponsorship is provided in HDFC, SBI and APEX bank but in
ICICI bank no sponsorship is provided to employees.
Private Public
ICICI Bank HDFC Bank SBI bank APEX Bank
3months 3months 30 days 30 days
Interpretation – The time limit of training in SBI and APEX bank are 30 days but in
HDFC it is of 3 months and in ICICI bank it is based on the need of job.
Q.11 Is there any training provided to the employees after the recruitment?
Private Public
ICICI Bank HDFC Bank SBI APEX Bank
Yes Yes Yes Yes
Interpretation – After the recruitment the training is provided by the all banks to
employees.
2. External
Private Public
ICICI Bank HDFC Bank SBI APEX Bank
Both internal Both internal and Both internal Both internal
and external external and external and external.
Interpretation – Both Internal and External sources are adopted by all banks.
Q.13 Manpower recruitment of each department is identified well in
advance?
Private Public
ICICI Bank HDFC Bank SBI APEX Bank
Yes Yes Yes Yes
Q.14 Manpower planning is always done on the basis of business plans for
the next five years?
Private Public
ICICI HDFC Bank SBI APEX Bank
Bank
No No No No
Private Public
ICICI Bank HDFC Bank SBI APEX Bank
Yes Yes Yes Yes
Private Public
ICICI Bank HDFC Bank SBI APEX Bank
Yes Yes Yes Yes
Interpretation – yes jobs description is treated as critical and always precedes the
process of recruitment.
Q.17 For internal recruitment, organization use the following source?
Private Public
Retrench or No Yes No No
retired
employees
Interpretation – Through closed recruitment HDFC fill more than vacancies but SBI
and APEX fill only 10 % vacancies.
Private Public
Vacancies ICICI Bank HDFC Bank SBI bank APEX Bank
10% ─ ─
20% ─ ─ ─
More than ─ ─ ─
20%
Interpretation – Through Open recruitment ICICI and APEX bank fill 10% vacancies
and HDFC fill more than 20%vacancies and SBI fill only 20 %vacancies.
Private Public
Vacancies ICICI Bank HDFC Bank SBI APEX Bank
30 – 40% ─ ─ ─
40 – 50% ─ ─
Above ─ ─ ─
50%
Private Public
ICICI Bank HDFC Bank SBI APEX Bank
Performance ─ ─ ─ ─
Seniority ─ ─ ─ ─
Seniority + ─
performance
Seniority + ─ ─ ─
Performance
+ education
qualification
Private Public
Years ICICI Bank HDFC Bank SBI APEX Bank
3 yrs ─
tenure
5 yrs ─ ─ ─
tenure
More than ─ ─ ─ ─
5 yrs.
Interpretation - In ICICI , HDFC and APEX Bank employees become eligible after
the 3yrs tenure but in SBI the time is exceeds to 5yrs for promotion.
Private Public
External ICICI Bank HDFC Bank SBI APEX Bank
recruitment
sources
Walk – ins ─
Private ─ ─
employment
agencies
Internal
recruitment
College ─
campus
recruitment
Job fairs ─ ─
Trade ─ ─ ─ ─
publications
Trade ─ ─ ─ ─
associations
directories
CHAPTER-4- CONCLUSION:
CONCLUSION
From our study we came to the conclusion that the four respected banks are using
both the internal and external sources of recruitment and the number of
examinations in private bank and public sector bank are varying from each other.
The time period of training in both private bank and public bank is about 30-45 days
in private bank and 2-3 months in public sector banks.
SUGGESTIONS
1. The bank should use innovative methods for recruitment like online
examinations.
REFERENCES:
Bibliography:
Robert Edenborough
(Author)
WEBLIOGRAPHY
1- http://forums.sgclub.com/singapore/private_banks_realising_21237.ht
ml date-1-2-2010
2- http://blogs.mybandra.com/2010/01/13/icici-bank-recruitment-
wwwicicicareerscom-icici-bank-requires-branch-manager/
3- http://www.scribd.com/doc/28207459/HR-Research-Paper-Current-
recruitment-strategies-being-adopted-by-MNC%E2%80%99s-in-India
4- http://www.forbesspecialsections.com/SectionPDFs/PrivateBankingAsi
aGWPB.pdf
5- www.privatebanking.com
6- www.iijournals.com/doi/abs/10.3905/JWM.2010.12.4.068
7- http://www.managementparadise.com/forums/archive/index.php/t-
174233.html
ANNEXURES:
QUESTIONNAIRE
Respected Sir/Madam,
We are the students of Pioneer Institute of Professional Studies, indore (M.P).we are
conducting a research on our minor project “ A COMPARATIVE STUDY OF RECRUITMENT
METHODS IN SBI & HDFC AND ICICI & APEX bank”. So we request you to kindly help us in
filling this schedule.
NAME:-__________________________
DESIGNATION:-________________________
BANK:-_____________________________
1 2 5 & above
3 4
Q.5. What are the medium through which vacancies are advertised?
Newspaper if any other then specify
Agencies
Internet
Q6. What are the basic skills/abilities required for the candidate?
Experience
Education
Computer skills
Q.9 Can employees & relatives of bank & other group companies apply to
the programme?
Yes No
Yes No
Q.13.Is there any training provided to the employed after the recruitment?
Yes No
External
Yes No
Q.16. Manpower planning is always done on the basis of business plans for
the next 5 yrs.
Yes No
Yes No
Yes No
• 10% vacancies
• 20%vacancies
• More than 20%vacancies
• 10% vacancies
• 20% vacancies
• More than 20% vacancies
• Performance
• Seniority
• Seniority + performance
• Seniority + performance + education qualification
• Walk – ins
• Private employment agencies
• Internal recruitment Tr
• Trade associations directories
• College campus recruitment
• Job fairs
• Trade publications
1)NO. OF CANDIDATES 5000 4000 11000 500
2)NO.OF EXAMINATIONS PER YEAR 5 & ABOVE 5 & ABOVE 1 TO 3 5 & ABOVE
3)CANDIDATES CAN APPLY 2 TIMES 2 TIMES 5&ABOVE 5&ABOVE
3- 4
4)TIME NEEDED FOR RECRUITMENT 30 DAYS 45 DAYS MONTHS 45 DAYS
5)MEDIUMS FOR VACANCIES ADVRT.
NEWSPAPER YES YES YES YES
CONSULTANT AGENCIES NO YES YES YES
INTERNET YES YES YES YES
6)BASIC SKILLS REQUIRED
EXPERIENCE YES YES YES NO
EDUCATION YES YES YES YES
COMPUTER SKILLS NO YES YES YES
7)AGE LIMIT TO APPLY 21-30 21-31 21-30 BELOW 30
8)EMPLOYEES OF BANK&OTHER GROUP COMPANIES CAN
APPLY? NO YES YES YES
9)IS SPONSERSHIP PROVIDE TO THE EMPLOYEES? NO YES YES YES
10)TIME LIMIT FOR TRAINING 3MONTHS 3MONTHS 30DAYS 30DAYS
11)TRAINING PROVIDED TO THE EMPLOYEES AFTER
RECRUITMENT? YES YES YES YES
12)SOURCES OF RECRUITMENT?INTERNAL OR
EXTERNAL? BOTH BOTH BOTH BOTH
13)MANPOWER RECUITMENT IDENTIFIED IN ADVANCE? YES YES YES YES
14)MANPOWER PLANNING IS DONE ON 5 YRS PLAN? NO NO NO NO
15)SUCCESSION PLANNING IS DONE IN ADVANCE? YES YES YES YES
16)JOB DESCRIPTION IS TREATED AS CRITICAL? YES YES YES YES
17)INTERNAL SOURCES USED -
OPEN INTERNAL RECRUITMENT YES YES YES NO
CLOSED INTERNAL RECRUITMENT YES YES YES NO
PROMOTION YES YES YES YES
TRANSFER YES YES YES YES
PERSONAL CONTACTS YES YES NO YES
EMPLOYEE REFERRAL YES YES NO YES
RETRENCH OR RETIRED EMPLOYEES NO YES NO NO
18)THROUGH CLOSED INTERNAL RECRUITMENT
VACANCIES FILL ------- < 20 % 10% 10%
19)THROUGH OPEN INTERNAL RECRUITMENT VACANCIES
FILL 10% < 20 % 20% 10%
20)THROUGH PROMOTIONS ORGANISATION RECRUITED ABOVE 50 % 40 - 50 % 41 - 50 % 30 - 40 %
21)FOR GIVING PROMOTIONS ORGANISATION EVALUATES
PERFORMANCE NO NO NO NO
SENIORITY NO NO NO NO
SENIORITY + PERFORMANCE YES YES YES NO
SENIORITY + PERFORMANCE + EDUCATION
QUALIFICATION NO NO NO YES
22)EMPLOYEE BECOME ELIGIBLE FOR PROMOTION
AFTER 3YRS 5YRS 3YRS 3YRS
23)EXTERNAL SOURCES USED -
WALK-INS YES YES NO YES
PRIVATE EMPLOYMENT AGENCIES NO YES NO YES
INTERNAL RECRUITMENT YES YES YES YES
COLLEGE CAMPUS RECRUITMENT YES YES NO YES
JOB FAIRS NO YES NO YES
TRADE PUBLICATIONS NO NO NO NO
TRADE ASSOCIATIONS DIRECTORIES NO NO NO NO