The employability of job seekers is an issue that captains of industry invariably concerned about. They feel that job applicants are not industry-ready, necessitating the need to invest quite a bit on training.
To tide over this sticky issue, SIDBI (Small Industries Development Bank of India) has proposed to hire experienced chartered accountants and retired bankers on contract for jobs that require certain skills.
Mr Ram Nath, Chief General Manager, SIDBI, said, “We are trying to enter the loan syndication space in a big way and are in the process of appointing knowledge partners to help the MSMEs in need of finance support prepare bankable project reports. Who better than an experienced banker or chartered accountant can fit the bill?” he asks.
The bank is looking to set up at least 50 Trade Facilitation Centres this fiscal. “We are planning to have such centres in prime MSME pockets to guide and help units have access to finance. Service sector is another focus area for SIDBI, for commercial banks do not lend to this sector and we are looking to bridge the gap,” he said
The response to the call for experienced hands has been positive, he said, in reply to a query.
Keywords: Small Industries Development Bank of India, chartered accountants, retired bankers, job contracts, loan syndication, MSMEs, Trade Facilitation Centres, hiring,
Comments:
It's a very good move - this will help the Institution (SIDBI) to take advantage of experience & exposure of senior professionals and traditional bankers who can give back to the institution what they learnt during their career.
This is all the more relevant today, as today's banking is more interested in selling third party products (TPP) like selling MF & insurance, Gold coin and capital market broking etc. So, when it comes to finding out true Credit analyst, you find no CVs - all are into TPPs. Even best of CAs & MBAs are found wanting in terms of credit knowledge & credit delivery.
SIDBI's this initiative will result into win-win situation for both - the instituion as also the retired bankers & experienced CAs !!
Keep it up!
kirti sanghvi
Ahmedabad
09377191902
I have gone through the greate expectation of Mr Ramnath,CGM,to arrange a strong base for marketing MSME clientle and to give a boost to Banks business as well to the GDP growth.
I was with Unionbankofindia,and retired as DGM.During my posting as Branch-In-Charge, of Jamshedpur MSME Branch,I got very good exposure in this sector,and because of good performance,I got recognisation in the Bank.I got the reward from my Bank,as excellent Regional Manager,on my MSME advance performance.
With this,I submit my request to consider me for the requirement in your esteem Bank.
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