Originally Posted by fahadeng

Heartiest Congratulations, Bilal! Way to go!!!

This means SBP will announce SBOTS-17 results ASAP after they get over with LHR and RWP centres as both batches i.e. YPIP and SBOTS-17 will start training together at NIBAF.

Originally Posted by bilal713

I received offer letter of YPIP today.
Selected candidates have to confirm the offer by 12 july.
expected date of joining nibaf 1st week of August, for 12 weeks training.
Total 60 candidates are selected out of 182.
Any one from this forum received offer letter? Still No final list is uploaded on website.

Originally Posted by usman khalid

Here is the difference between State Bank of Pakistan(SBP) and BSC offices of State Bank of Pakistan (BSC SBP).

State Bank is central bank of pakistan having two main subsidaries: National Institue of Banking and Finance (NIBAF) and Banking Services Corporation(BSC). There are 16 BSCs or field offices of state bank of pakistan.

The role of SBP is to perform policy related functions and these functions are not performed at SBP BSC. SBP BSC is responsible for conducting different operations as prescribed by SBP. These include Currency Management, Development Finance and Export Refinance etc.

There was no concept of SBP BSC before 2001. The former governor Dr. Ishrat Hussain took this step on instructions of World Bank and IMF to separate policy fuctions and operational function for efficient banking process. Thus SBP BSC came into being in 2002.

As regards the grade and salary structure of the employees of SBP and SBP BSC, these are also different. OG-II officer at SBP has designation of Assistant Director whereas no such designation is entitled to OG-II officer of SBP BSC. The salary bracket of OG-II officer of SBP starts from 34,000. where as the same cadre officer in SBP BSC gets 30,000. Performance Managment system is also different. Usually employees of SBP gets quick and more increments than employees of SBP BSC.

Now regarding the question about which should be preferred. Well, many things are to be considered before taking final decision. It is said that 'East or west, home is the best'. I am from SBOTS-15 doing job at Karachi. I would love to go to my native city if similar opportunity is available there. When you leave your city and settle in a distant city which has much differnt atmosphere, style and outlook, it gets difficult to manage things. But now onwards SBP is also providing hostel facility for non-karachaid officers who join SBP. On the other hand, if some one wants to excel career in central banking with much more financial incentives, SBP is better than SBP BSC. So, dear friends, its a trade-off business.

Originally Posted by Raz

Originally Posted by ateeb

Salam to all

it is really happy to congratulate the candidates who have made it through even tough they will be posted in the BSCs. But welcome to State Bank of Pakistan ...

Everyone who is in the list must state here if he/she is using this forum ...

Regards

Syed Ateeb Akhter Shah
SBOTs-16th Batch
SBP