Banks in India are all set to begin with the hiring program as myriad of jobs are open in the sector. In order to meets the growth needs and to fill the gap that will be created by employees retiring this year, banks are hiring full on.
Banks are all set for a major recruitment drive as hiring becomes almost a ‘compulsion’ for public sector banks (PSBs). This mandate has risen due to following reasons:
-Most of the employees working in PSBs are nearing their retirement age. After they retire in next 2 years, a huge void of knowledgeable people will be created thud necessitating the need for hiring bankers.
-There has been a freeze on recruitments in PSBs in last few years resulting in them facing a talent crunch. Thus, an urgent need to fill in the posts already vacant from long has to be addressed as soon as possible.
-Banks are now entering diversified business segments and would need to train the newly hired lot. The growth and expansion of banking industry has resulted in raising the demand for banking professionals.
State Bank of India (SBI), the largest lender in India is expected to hire at least 50, 000 banking officers in the new fiscal year. Bank of Baroda, India's third largest State-run lender is also planning to recruit around 5,000 employees in the current financial year. Around 50,000 probationary officers (POs) are estimated to be hired by PSBs in FY11. Not only may this, at least 20, 000 business correspondents (BCs) for rural areas may be hired as part of a new plan by PSBs.
As Indian banking has witnessed a lot of up gradation in its operating system over time, proper training of the new hires becomes essential. Banking sector scores a good position among the upcoming recruitment industries.
Banks are all set for a major recruitment drive as hiring becomes almost a ‘compulsion’ for public sector banks (PSBs). This mandate has risen due to following reasons:
-Most of the employees working in PSBs are nearing their retirement age. After they retire in next 2 years, a huge void of knowledgeable people will be created thud necessitating the need for hiring bankers.
-There has been a freeze on recruitments in PSBs in last few years resulting in them facing a talent crunch. Thus, an urgent need to fill in the posts already vacant from long has to be addressed as soon as possible.
-Banks are now entering diversified business segments and would need to train the newly hired lot. The growth and expansion of banking industry has resulted in raising the demand for banking professionals.
State Bank of India (SBI), the largest lender in India is expected to hire at least 50, 000 banking officers in the new fiscal year. Bank of Baroda, India's third largest State-run lender is also planning to recruit around 5,000 employees in the current financial year. Around 50,000 probationary officers (POs) are estimated to be hired by PSBs in FY11. Not only may this, at least 20, 000 business correspondents (BCs) for rural areas may be hired as part of a new plan by PSBs.
As Indian banking has witnessed a lot of up gradation in its operating system over time, proper training of the new hires becomes essential. Banking sector scores a good position among the upcoming recruitment industries.
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