Simply put, it means how well you have managed your finances such as a home loan, personal loan or your credit cards, in the past.
Hiring 6,000 bank clerks
In its first recruitment notification this year, the Institute of Banking Personnel Selection or IBPS has notified the Common Recruitment Process (CRP Clerks XIV) for the selection of personnel for over 6,000 cerical posts in a number of participating banks. All public sector banks, barring the SBI, are constituents of the CRP.
Despite the excitement over the upcoming recruitment, the aspirants also point to a lack of clarity in the notification on the Cibil front. The notification states the candidate should maintains a healthy credit history at the time of taking up their jobs. The minimum credit score required will be different for different participating banks, which is subject to change from time to time.
Looking for credit discipline
When contacted, a senior official of a public sector bank, said, “Credit discipline is one of the most important traits for bank employees, and a bad record in youth might also lead to a higher propensity for fraud.”
“The norm is not applicable to those who do not have a bank account, and it is also not mandatory at the time of application. It will only be checked at the final stage before issuing appointment letters,” he added.
Those whose Cibil status has not been updated before the date of joining the banks' service would have to either get the Cibil score updated or submit a letter from the candidate's bank to prove that there is no outstanding loan dues. Otherwise, the letter of offer could be cancelled.
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