SIDBI Reviews

Updated May 26, 2015
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3.3
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Sushil Muhnot
2 Ratings

Employee Reviews

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  1. Helpful (1)

    nice organisation

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Manager in Mumbai (India)
    Current Employee - Assistant Manager in Mumbai (India)
    Recommends
    Positive Outlook

    I have been working at SIDBI full-time

    Pros

    perks and pay is at par with RBI best in banking sector posting in good cities good job as a start

    Cons

    slow promotional opportunities heavy workload intially work after some years will become monotonous too much transfers

    Advice to Management

    better promotional aspect for the new joinees


  2. Good organization to work for; Nice pay.

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    1). Lots to learn, gud exposure, 2). Nice offices, 3). Pay at par with RBI, 4). Offices only in State capitals, 5). Basically, best in the Banking Sector.

    Cons

    1). Top management is very, highly egoistic with lots of internal politics. While it was completely the opposite in PNB (my earlier organization), 2). Too much lengthy & useless communications. SIDBI should adopt more short techniques in order to be competitive, 3). Software used is ok, but needs to improve on this front to compete with other psb's/pvt banks, 4). Frequent transfers are given.

    Advice to Management

    Kindly be more receptive towards lower management, & stop the internal politics which is highly rampant in our organization. Also, pls give transfers according to the needs of the employees & not some arbitrary transfers.


  3. Work as per the system, no innovation

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    No opinion of CEO

    Pros

    Good place to learn about the Indian financial system, due diligence and credit relationship

    Cons

    HR practices leave much to be desired, work ethics and professionalism not much appreciated

    Advice to Management

    Value your staff. Those are the real assets for the organization and bring value


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  5. Helpful (4)

    SIDBI needs to move with time !

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I have been working at SIDBI full-time (More than a year)

    Pros

    Holiday homes and LFC for managers is a positive in the organisation.

    Cons

    There are many cons: 1. The top management wants that SIDBI employees should start working hard and compete with the pvt sector banks/FIs. But, they have failed to realize that the softwares/systems used by SIDBI are very outdated. SIDBI's top management keeps on asking for unnecessary data, which wastes a lot of time. 2. SIDBI has to change a lot of things - but they are still in 1990's. TOP management doesnt bother about how difficult it is for the employees at the branches. 3. In the end, I would like to say, SIDBI should increase its pace to match up with other pvt sector banks and do something about the outdated softwares that we are using. 4. Promotion is a big deal in this organisation. It takes 4 years to be eligible and then a long process to get through. 5. As per the terms of employment it is a 5 day working organisation. But we are asked to work till 730 pm everyday and saturday we have to work.

    Advice to Management

    Start doing something for the organisation. I have seen you only talk big and do nothing.


  6. Helpful (1)

    One kind of unique organisation.........

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Manager in Lucknow (India)
    Current Employee - Manager in Lucknow (India)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at SIDBI full-time (More than 5 years)

    Pros

    1) 5 day working on paper 2) Situated at only major centers in India 3) Head-office posting is quite comfortable

    Cons

    1) Highly head-weight, egoistic senior people. 2) Its basically a FI not a Bank, hence you can never satisfy the customer's loan requirement.

    Advice to Management

    There is too much focus on process rather than delivery.


  7. Helpful (1)

    SIDBI

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Management Trainee in Mumbai (India)
    Former Intern - Management Trainee in Mumbai (India)
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at SIDBI as an intern (Less than a year)

    Pros

    Best organization to work for

    Cons

    Transfer in the entire country is the problem

    Advice to Management

    Be more aggressive on marketing aspect


  8. SIDBI grade A

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Manager in Mumbai (India)
    Current Employee - Assistant Manager in Mumbai (India)

    Pros

    Unique exposure of small and medium scale enterprise financing, good work life balance, experienced management, people know each other as its a small government organization and hence senior management is approachable. 5 day week as it is a financial institution, perks at par with RBI

    Cons

    Banking exposure is absent as it is not commercial bank, slow growth prospects, outdated banking processes, administration is unfriendly and inefficient (with regular amount of politics), unexpected and unwanted transfers

    Advice to Management

    Employ better HR policies to prevent turnover



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