Bank of Baroda Training Handbook

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JOINING DATES and TRAINING

[DISCLAIMER: The correctness of the Information provided below is not gauranteed. The information is collected from various known and Unknown sources. We are not responsible for any loss due to the incorrectness of the information provided here.]


JOINING DATES:
Last year the training started from 19th May.
BOB had given preferences of joining dates. (6 dates) in May, June, July, August and September

So  this year also we can expect the same. There will be a link made anailable on BOB website for selecting the dates. Once we select the dates, 14 days prior to that date you will get an email regarding your training center and Medical.

TRAINING (90 days):

You will undergo a very comprehensive On boarding Induction Programme to make you
professional Banker.
Training Centres
 Bareilly
 Baroda
 Bhopal
 Chennai
 Gandhinagar
 Jaipur
 Kolkata
 Lucknow
 Mumbai
 New Delhi
 Jamshedpur
 Pune
 Bangalore

This On boarding Induction Program will be of 15 days in one of the training centers.

 After that the next 75 days will be on the job training spread across 3 or 4 branches.

These branches will be in the region of your training centre. For eg. If Bangalore is the training centre then you will get any branch of Karnataka, Telengana, Andhra pradesh etc.

The Centre of your training will indicate your region of posting.

All the expenses during the training will be borne by BOB ...yes apart from the salary.

SOme say that we need to bear the expenses first and then bank will reimburse it. Yes ... for the first 15 days everything will be taken care off by BOB (coz it is a Onboarding programme) for the rest 75 days you will have to pay your expenses (not more than 2300/- per day (food + lodging)) which u can reimburse. 

Bullet Points about Bank of Baroda

Bank of Baroda was established on 20th July, 1908 at Baroda by ruler of erstwhile Baroda
State, His Excellency Maharaja Sayajirao Gaekwad-III.

• Ten banks have merged with BOB till date.
• Our logo, the  ̳Baroda Sun‘ reflects our corporate brand identity.
• As on 28-02-2013, our Bank is having 4171 branches, 56 Regional offices and 13 Zonal offices in India.
• We also have one  ̳Life Insurance‘ and one  ̳Mutual Fund‘ joint venture.
• We have -98 overseas branches and offices spread over -24- countries.
• In our International presence, we have -8- subsidiaries and -2- joint venture.
• Bank has kick started a comprehensive change programme called  ̳Project Navnirmaan‘ focusing on business process Reengineering . Bank‘s Branches are redesigned as ―Baroda Next‖ branches with beautiful layouts and more effective roles.
• As a part of said project, Bank has also established -51- SME Loan Factories ,and -40- Retail Loan Factories for fast delivery of our products.
• To facilitate Financial Inclusion, Bank has established -52-  ̳Baroda Grameen Pramarsh Kendras‘ (BGPK) and -47-  ̳Baroda Swarojgar Vikas Sansthan‘ (BSVS)
• Bank has also undertaken another important Project SPARSH for bringing excellence in HR.
• In 2011–12 Bank‘s total business grew by 25.9% to Rs 6,72,248 crores and net profit grew by 18% to Rs 5,006.96 crores.
• Total Business up 17.1% (y-o-y) to Rs 7,14,051 crore by end-Dec, 2012
• Net NPAs (%) at 1.12% as on 31s Dec, 2012
• Total Staff as on 1st March 2013—42118 in which officers composition 17035.

SALARY RELATED

New Salary of PO after Wage/salary Revision of 15 % in Banks

New Salary of PO after Wage Revision in Banks
Present Hike	15%	Corresponding  Basic	26705
Current Basic	14500
Current DA % 109.8	15921	Corresponding   Revised DA % (33.1)	8839.36
Current HRA % 6.5	942.5	Corresponding  HRA % (7.475)	1996.2
Current Gross Salary	31364	Corresponding  Gross Salary	37541
Current NPS Contribution	3042.1	Corresponding  Revised NPS Contribution	3554.44
Current Net Salary	28321	Corresponding   Revised Net Salary	33986

So the inhand Salary will be Rs 33986 >>>>> 4 lacs per annum

Apart from this

1. We will recieve other incentives like :
2. Petrol = 35 liters (Can be more also)
3. Medical = annual aid 5100 on 1st jan
4. Canteen = 10 rs per day (paid monthly) 3600 yearly
5. Newspaper = 2800 annual on 1 april
6. Leased Accomodation ,
7.  HOUSE MAINTENANCE EXPENSES, 
8. CITY COMPENSATORY ALLOWANCE (3 or 4% of the basic),
9.  MID ACADEMIC YEAR TRANFER ALLOWANCE, 
10. DEPUTATION ALLOWANCE, 
11. HALTING ALLOWANCE etc etc...  

all will add up to around >>>>> 6 lacs per annum

The new revision is yet to be implemented. It is expected to be implemented from May 2015.

I think this will give u the clarity regarding the salary 

Source: (People working as PO in BOB, Training manual of BOB)