Fraud through a mediator called IFBI - Anonymous employee Karur Vysya Bank Employee Review

100% of the recruitment is done through a company called IFBI. Some fat cat in HR or Upper Echleon of management receives a kickback from IFBI. The bank /IFBI lures through the adverteisement stating a salary of 4 Lakhs per annum. Actual starting salary is just 14000 per month making it difficult to survive in a mini metro or B Class city. Also the banks asks to cough up a training fee of Rs.4 0000 to IFBI upfront.During the training period the bank does not pay a single dime.So lodging and boarding expenses are to the recruitee account.. On joining the bank demands a bond of Rs.25000 . Overall the joining expenses works out to almost Rs.1 lakh.