The story of a Tamil Nadu youth recently made headlines, when the State Bank of India (SBI) canceled a circle -based officer (CBO) job due to his poor CIBIL score. The matter not only underlines the importance of personal financial discipline, but also shows how important the credit score has become in banking and government jobs in today’s era. The Madras High Court also justified the bank’s decision, which raises the question whether financial management can now become the biggest obstacle in the way of getting a job?
P. Kartikeyan of Tamil Nadu had crossed the difficult selection process for the post of circle based officer in State Bank of India. His hard work paid off and got a job proposal. But this moment of happiness did not last long. The bank investigated their CIBIL report, which revealed information about the loan default and misuse of credit cards. Based on this, the bank canceled his appointment. Karthikeyan filed a petition in the Madras High Court against this decision. He claimed that he had paid all the outstanding loans and was not marked as “defaulters” in any report. Nevertheless, the court ruled in favor of the bank and considered the cancellation of appointment.
This case is a living example that the CIBIL score is no longer limited to loan or credit cards. It can also affect your career and future. Investigation of financial discipline and credit for jobs in the banking sector has now become mandatory. Experts believe that a poor credit score not only affects your ability to take loans, but also can also consider it a measure of your character and responsibility.
The CIBIL score is a three -digit number, which is between 300 and 900. This assesses your credit history, such as the time -failure of repayment of loan, the use of credit cards and other financial activities. A good CIBIL score (750 or more) not only gives ease of taking loans, but it also reflects the strength of your financial management. In this case, the story of Karthikeyan is a lesson for the youth how important is the habit of paying bill payment and loans on time.
This incident is a warning not only for job seekers, but for every person who takes his financial health lightly. In today’s digital age, where every financial transaction is recorded, your credit history can decide the direction of your career. Experts recommend to repay the loan installments on time, limit the use of credit cards and check your CIBIL report regularly. If there is a mistake, improve it immediately.
