Sis Saleeqa,

Assalam O Alaikum,

I would like you to please make us understand the career path of contractual jobs in National Bank of Pakistan. Except MTOs all other jobs are being given on contract initially for three years as per bank's hiring policy. What happens after three years? Will they be given regular or permamnant placement? Please throw light on this issue and anybody you know got permanant slot hired through contractual placement. Somebody told me that once you are hired nobody throws you out specially from govt. organizations. Your observations in this regard will help us immensely.

Regards

Well brother contractual jobs in nbp are meant for expericed professionals required to work in back office normaly.jobs are advertised in national press with out disclosure of bank's identity.
below is the standard format of advertisement by NBP

As for as job security is concerned ,one of my former colligue is working on contractual position in treasury department as a dealer.In prinicpal there is no written agreement for turning the job in to permanent , however untill recently none of the contractual employees have been dnied extention (Subject to satisfactory performance).Normaly the canidates are inducted in to permanent cadre after expiry of contractual period but still it is not guranted.

It may also be kept in mind that the contactual employees are highered for specilised field such as credit risk mangement,treasury,credit analysits,forexs etc.as NBP is the largest bank in pakistan, the exposure gainend in NBP serve as a strong addition to experince profile of the employee.such employees are in high demand by other banks.

it is also imperative to mention here that contractual employees are entitled to all the monetray benfits in par with the other employees of the bank.

__________________
Hoee hay jab say mukhalif hawa zamanay key......
Humain bhee dhun see hoee hay diaa jalaanay key

miss saleeqa batool plz tell if anyone join nbp on contract basis then is he or she bound for 3 year to continue job in nbp or he has the opportunity to apply in any other bank and can he leave job during the contract period when he has any good opportunity in any other bank. plz must reply

You will have to pay plenty for breaching the contract, if any.

I would like to know the benefits of working in a government owned bank as compared to a private bank.

I believe , NBP and Sindh bank are the only fully state-owned banks.

How is Sindh bank for a career in banking , job security , monetary benefits etc. ?

Thank you.

plz tell that in case of nbp is there any penalty for breaching contract kindly seniors its most urgent.

It will be mentioned on terms and condition that if some body want to leave the job during contract, how much time before you will have to intimate the bank. Normally one to three months prior intimation is required.
And If you have signed any kind of bond you will have to pay the amount mentioned on bond on breaching the contract.

you will have to pay plenty for breaching the contract if any.

There are six banks rather then two operating under provincial and federal government

1- National Bank of Pakistan

2- Sindh Bank

3- Bank of punjab

4- Bank of Khyber

5- First women bank

6- Central Bank (Sbp)

govenment Banks = job security, monetary benefits are satisfactory but growth is slow and lack of profesionalism, political influence.

private banks = Growth is well enough, monetary benefits varies from bank to bank job security is always an issue in private sector.

Lodhi Bhai, There are not only 6 Banks under federal/provincial Govts.

1 First Women Bank Limited
2 National Bank of Pakistan
3 The Bank of Khyber
4 The Bank of Punjab
5 Sindh Bank Limited
6 SME Bank Limited
7 Zarai Taraqiati Bank Limited
8. State bank Of Pakistan

and I M note sure about Khushhali Bank Limited & The House Building Finance Company Limited (HBFCL)