Canara Bank invites young and bright graduates who fulfill the eligibility criteria and who are interested in a Banking career with one of India’s best Banks to apply for admissions to the specially designed One year training course leading to Post Graduate Diploma in Banking and Finance (PGDBF) either through Manipal Global Education Services Pvt Ltd., Bengaluru or NITTE Education International Pvt Ltd., Mangaluru, which are recognised by UGC. Below listed are the Canara Bank PO Roles & Responsibilities.
Duties
The job of a bank probationary officer (PO) is considered as a lucrative career option and a white-collar job. Every year lacs of aspirants contest for PO exams. The job offers a high career growth and prospects for a bright future in banking. Many candidates want to know about the responsibilities of a bank PO, what kind of job they do once they are recruited in banks.
Canara Bank PO Roles & Responsibilites:
Before the completion of the probation period, which is for 2 years, he/she can be asked to perform any kind of bank related activity; it can be the clerk or assistant type of job. This is done to get them acquainted with various working procedures of the bank.
During the probation period, candidates are trained to have practical knowledge of finance, accounting, marketing, billing as well as investment This is done by entrusting them with jobs of various categories, viz. any of the routine works such as scrolling, posting, account preparation etc.
After successful completion of the probation period, he/she is posted in any bank branch as an Assistant Bank Manager to handle works on daily customer transactions, viz. passing a cheque, draft issuance, cash management etc.
He/She has to work towards increasing the bank business viz. managing cash flow, loans, and mortgages and finances.
Another responsibility of PO is to work as public relations officer, handle customer complaints and address various customer related issues such as discrepancies in accounts, rectification of undue charges and look into complaints regarding services provided by the bank.
Once he/she gets acclimatized to the bank environment and gain enough experience on bank's working procedures, based on their personal skills and aptitude, they can be assigned more responsible work viz. planning, budgeting, marketing, loan processing and approval, investment management etc.
The work of a bank PO also includes managerial tasks, such as supervision of clerical work, making decisions for the benefit of the bank, managing cash balance etc.
PO has to verify all the work done by the bank clerk. All the transactions of bank involve the role of maker and checker. For example, in cash transactions, if the clerk is the maker, then the PO is the checker; in case of loans, generally, he/she is the maker and bank manager is the checker. The responsibility of losses resides with the checker.
He/she takes care of the loan related documents and performs on-site visit of the loan taking parties as and when required.
A bank PO issues ATM cards, cheque books, Demand Drafts etc.
It is anticipated that a PO should be aware of all the latest developments of the bank. They are required to read all the circulars and should know about all the decisions taken by the bank management.