look news india
News India Live, Digital Desk: If you too are dreaming of becoming a bank PO or clerk, then this news is most important for you. Public Sector Banks have made a major change in the recruitment process. Now even after passing the written examination and interview, your appointment may be stopped, if your CIBIL Score It’s bad. Yes, banks have now made ‘clean credit history’ a mandatory condition for employment.
What is the new rule? ‘Check’ will be done before recruitment
Institute of Banking Personnel Selection (ibps) and State Bank of India (SBI) and other government banks have made it clear in their recruitment notifications that the CIBIL score of the selected candidates will be checked.
Minimum Score: en general 650 or more CIBIL score is considered a ‘safe’ standard.
Bar on defaulter: If a candidate has already taken a loan and has not paid his EMI on time, or is a defaulter of the bank, he can be declared ‘unfit’.
Why is a good CIBIL score important for bank employees?
Bank is an institution which runs on public trust and money. Banks argue that how can a person who is not disciplined in his personal finances be given the responsibility of bank transactions worth crores of rupees?
Financial Discipline: A good score reflects your honesty and responsibility.
Control on fraud: To prevent internal fraud in the banking sector, it is important for employees to have a clean track record.
These candidates may get exemption
As per the rules, candidates who do not yet have any bank account or loan history (whose score appears as -1 or 0) need not worry. Additionally, if one’s score has gone down due to a technical glitch, he or she may be given a chance to give an explanation to the bank and bring an NOC from CIBIL.
How to improve your CIBIL score?
Payment on time: Never miss your credit card bills and loan installments.
Full Settlement: Try to ‘close’ the loan instead of ‘settling’ it.
Avoid excessive credit: Repeatedly applying for loan also reduces the score.