Pros
Gets Government Funding each year (like every Nationalised bank) which is essential because the Bank has to work towards uplifting of the poor so legitimately cannot survive with Private Banks in competition.
Cons
Many. Useless Management boasts fake dreams about big achievements with severe scarcity of staff and inappropriate culture while everyone knows the system is broken. An Officer in Bank means there are no defined duties and is responsible for keeping the branch functional. So at times an officer is a service agent to help fill forms, a clerk, cashier, reviewer, manager, insurance agent, wealth manager, credit analyst, recovery officer, feed Atm, at times works during election duties.. Help people download Apps so that they can utilize digital banking functions. There is no actual upward communication. Only the sly grow in the system. If you try to communicate, change or report you will definitely be transferred to a village or be given a difficult branch which will make your life miserable without any returns. Allahabad Bank had no designated/trained HR professionals who would look after your leaves, postings according to skills etc. HR Admin Dept is a nightmare. You even have to make an application with a table stating how your annual increment is due every year with your payslip otherwise the organization will not apply it. So the salary increment is called Bipartite Settlement due every 5 years, which is another joke. Due since Nov, '17. And increment will only increase in hand salary by 10%max if it gets done by 2022. Union is also a joke.. They only take monthly subscription of Rs 200 and some percentage of the arears after the settlement too.. Since everyone without serious contacts is suffering in organization, (base level), all union does is maintain their comfortable seats. Good Part is most of customer base is illiterate, because the educated will make bank employees their slave. Read about it elsewhere. People like me tend to join Nationalized Banks because of hundreds of fake videos and posts in circulation which tell you all kinds of lies about profile and salary. Most likely posted by coaching Institutes.Everyday hosts of employees are leaving nationised banks due to worst working conditions. Don't fall into the trap.