Over 40,000 jobs in Public Sector Banks

Over 40,000 jobs in Public Sector Banks

Freshers,get ready with your resumes,if you want to start your career in the banking sector. There are over 40,000 posts to be filled up in various Public sector banks during the next fiscal. On an average, these banks will be adding 80-100 people for various roles every day.

According to a senior official of the State Bank of India, "We have already notified 4,500 vacancies of probationary officers. In addition, over 25,000 clerks will be recruited soon as per our chairman, Mr. O.P. Bhatt's recent statement."

Here is good news for job-seekers. The public sector banks (PSBs) are likely to hire about 80 to 100 people for various roles every day on an average in the next financial year.

This means that about 40,000-50,000 vacancies of officers and clerks may be filled up, according to sources. This number roughly corresponds to nearly 40,000 new jobs created in banks during the current fiscal year.

Branch expansion and replacement of retired staff are driving the hiring by PSBs, say experts.

“According to my expectation, the minimum recruitment to happen this year could be 40,000 upwards. I feel that a similar recruitment trend will continue for the next two/three years,” Mr S A Bhat, Chairman and Managing Director, Indian Overseas Bank, told Business Line.

State Bank of India, which has been aggressive in hiring for the last two years, is again going to be the bulk recruiter.

“We have already notified 4,500 vacancies of probationary officers. In addition, over 25,000 clerks will be recruited soon as per our Chairman, Mr O.P. Bhatt's recent statement,” a senior SBI official said.

Last year, SBI had hired over 27,000 officers and clerks. “The overseas expansion plans too will add vacancies back home though seniors are generally preferred to be sent abroad,” he added.

Many small and mid-sized banks, including State Bank of Hyderabad and Andhra Bank are currently in the process of finalising the vacancies.

“We will arrive at exact numbers in a couple of months,” the IOB chief said.

A senior official of Bank of Baroda said the massive branch expansion plan (300 new branches), among others, would result in strong manpower needs. “This fiscal, we have almost added 3,000 staffers which may be a little higher in the next financial year,” he said.

NEW ROLES

In addition to the normal roles of officers and clerks, the openings in the industry would be more diversified into various specialist officers and technocrats, according to Mr R.S. Reddy, Chairman and Managing Director, Andhra Bank.

A senior functionary of Indian Institute of Banking and Finance, Mumbai, said a ‘rural shift' could be expected in the bank jobs.

“Already agricultural officers and rural probationary officers are specially being recruited. A new beginning would be the hiring of business correspondents in rural areas which would reduce rural unemployment,” he pointed out.

At present, the number of bank employees in the country is over 7.25 lakh.

Click Here For Details: