The Confederation of All India Traders (CAIT) has strongly criticised State Bank of India (SBI) for making mandatory the condition of CIBIL scoring for recruiting Junior Associates (Customer Support and sales) and Junior Agricultural Associates in clerical cadre. It has stipulated that candidates with poor credit record will not be eligible for jobs at the country’s largest lender. According to an advertisement released recently, SBI has advised aspirants to check their credit history with the Credit Information Bureau Limited (CIBIL) before applying for the post in the bank. CIBIL collects and maintains records of an individual’s payments pertaining to loans and credit cards.
CAIT National President Mr. B. C. Bhartia & Secretary General Mr. Praveen Khandelwal said that instead of leveraging its focus on improving its NPAs, the SBI is in a denial mode of providing employment to youth of the Country.“The advertisement of State Bank of India rendering youth of the country ineligible for jobs if their credit history with CIBIL is poor or adverse, is not only illogical but also an injustice towards the unemployed youth of our country.”-said the trade leaders.
Both Mr. Bhartia & Mr. Khandelwal said that as of December,2015, gross NPA of SBI was Rs.72791.73 crores which was 5.10% and net NPA was 40249.12 crore i.e 2.89%. The figures do not include five Associates of SBI.
Mr. Bhartia termed SBI advertisement as “tughlaqi farman’. CIBIL is having share holdings by foreign corporate also. SBI wants CIBIL to certify the financial health of our youth in India. We have seen that in many cases, CIBIL scoring has been challenged as incorrect or not updated. It is also necessary to mention that if CIBIL does not have or has insufficient history of credit score of any individual, it mentions score as (-1) minus 1. It is possible that in case of most of our youth, there may not be sufficient credit history with CIBIL. In such cases, CIBIL may give its score as (-1) rendering all these youth ineligible for applying for SBI jobs.
Mr. Khandelwal said that the policymakers should have a positive approach and be sensitive towards the youth of the country. They should try to see as to how best they could give chances to maximum number of youth and select the best amongst them. “Even if any youth for any reason becomes ineligible for job, we should still give him a chance so as to encourage him to come into the mainstream of society rather than disqualify him and make him realise that his is not acceptable in the society. If the policy of ‘rejection’ is promoted in place of ‘acceptance’ then there will be a large scale of unrest amongst the youth which will have an adverse impact on the society as well as the economy of our country-added Khandelwal
Both Mr. Bhartia & Mr. Khandelwal said that the SBI , in the interest of the country in general and the youth in particular, should immediately withdraw such a condition. It would be better if State Bank of India is more concerned on the recovery of its huge non-per forming assets (NPAs) rather than disqualifying youth based on CIBIL scoring.
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