Managing portfolio profitability for the gold‑loan segment in the branch or assigned territory: ensuring pricing/fees are maintained, ensuring productivity benchmarks are achieved.
Productivity: achieving target volumes of gold loans, minimal attrition of staff assigned to this product, recruiting/training/inducting executives (e.g., ASL executives) associated with gold‑loan business.
Process & compliance: Ensuring branch and gold‑loan operations follow the laid down policies (loan appraisal, documentation, vault/secured storage of gold, internal audits, MIS etc). For example: “To ensure that all the compliance/operational process are being followed … Keep providing training and constant support for a healthy and hygiene portfolio.”
Operational tasks specific to gold‐loan product: valuation of gold, sanctioning and disbursement, account opening or renewal, vault/secure storage, coordination with appraisers/vendors/collections/audit.
Coordination with branch banking team / channel sales / branch operations to ensure smooth processing of gold loan cases
Competitive base salary: Typically depends on experience and location; for fresh officers it may start around ₹3–5 LPA, while experienced officers can earn ₹5–8 LPA or higher.
Performance incentives / bonus: Many banks offer performance-linked incentives based on achieving portfolio growth, targets, and collection efficiency.
Overtime / field allowance: If the role requires field visits, some branches offer travel or field allowances.
Structured growth path: Can progress to Senior Officer → Assistant Branch Manager → Branch Manager → Cluster/Regional roles.
Skill development: Exposure to secured lending, vault operations, risk management, customer relationship management, and sales.
Cross-product knowledge: Gain insights into other banking products like retail loans, deposits, insurance, and mutual funds.
Medical / health insurance: Typically covered by bank policies.
Provident Fund (PF) & gratuity: Standard benefits as per Indian banking sector norms.
Paid leaves & holidays: Annual leave, sick leave, festival holidays, etc.
Travel reimbursement: For official travel, especially if covering multiple branches or customer visits.
Training & development programs: Bank-sponsored training sessions, workshops, and e-learning modules.
Networking: Interaction with customers, vendors, and branch teams helps in building professional contacts.
Job stability: Private sector banks offer more stability than many NBFCs or small lenders.
Loan & banking benefits: Often banks provide preferential interest rates or offers on their own products for employees.
Axis Bank Limited — Company Profile Network & Presence Total Employees: ~104,400 Branches in India: 5,876 ATMs & Cash Recyclers: 13,941 Overseas Offices: 8 Rural / Semi-Urban Branches: ~47% of total branches... Read More