BOI Inviting Applications for Clerk Positions

The employment rate in public sector is growing at a rapid pace and marked improvements are made across the industry. It is interesting to note that even the youth is showing keen interest in taking jobs in government sectors especially post revision of Pay Commission. Banking is one of the largest public sectors of the country that has been growing swiftly to cater to the financial needs of the citizens.

The banking and finance industry is all set to face a manpower crunch with more than 30% staff retiring by end of this year. So, Bank of India (BOI) is inviting online applications for nearly 2,500 vacancies, all clerk positions across India. The Head Office of this leading Public Sector Bank is in Mumbai but the positions are available in all branches of the bank in Clerical Cadre. The aspirants can apply by filling applications online, all that they need to do is to follow simple instructions and pay a non-refundable fee of Rs. 250. The last date for submission of applications is 5th August 2010 and the tentative date for written examination is 26th September 2010.

The basic salary offered by Bank of India for clerical jobs is between Rs. 7,200 to Rs. 19,300. Other benefits in addition include HRA (Home Rent Allowance), CCA, DA (Dearness Allowance), Allowance, Conveyance, Gratuity, Pension, LFC, Medical Aid, etc. along with other facilities as per Bank’s Rules. Only those between 18 to 28 years of age can apply for the positions available with BOI. Read the documents carefully before applying as the fee paid and application sent is treated as final without any scope for making changes later.

Banking jobs in a public organization are the most coveted ones with hundreds thousands of candidates applying for them every time.

Indian Banks on a Recruiting Spree!

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.