Public sector banks, from State Bank of IndiaBSE 0.85 % to Allahabad BankBSE 1.79 %, will hire as many as 56,500 people in the next six months in the highest ever recruitment drive by the industry in more than a decade as business grows and the threat of new banks looms as the Reserve Bank of India plans to issue new licences soon. The recruitments by more than a dozen banks will be 30% higher than last year’s numbers as hopes of business cycle turning for the better grow, bankers said.
The Institute of Banking Personnel Selection said 20 public sector banks, excluding SBI, will hire 22,415 officers and 32,453 clerks for branch expansion and fill the gap created by retirement and attrition. SBIBSE 0.85 % is independently hiring candidates to fill up 1,500 officer positions. “Public sector banks are in the forefront of accommodating fresh graduates with a clear focus on rural expansion of branches,” said NS Rajan, partner and global leader at Ernst & Young.
“They have moved from the realm of being not-so-customer friendly to customer-centric, fuelling the need to look at the market differently… The need now is for HR transformation to help people embrace change.”
Chosen excerpts by Job Market Monitor from
via Recovery signs: PSU banks to hire 56,500 jobs in next 6 months – The Economic Times.
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