84,500 people to be hired by public sector banks this year – P Chidambaram.
Public Sector Banks (PSB) in India to recruit 84,500 personnel in this financial year, finance minister P. Chidambaram said (News Agency PTI Reported). Earlier in November, the fiance minister said ‘Public Sector Banks (PSB) in India will hire 63,200 people in the current financial year‘.
84,500 people to be hired by public sector banks this year; 6,000 branches to be opened each year Finance minister P Chidambaram said.
The country’s largest bank SBI will alone recruit 20,000 clerical staff and 1,200 officer level employees.
Besides, other public sector banks will hire 22,000 officers and 20,000 clerical staff in this fiscal.
Chidambaram said there were a total of 84,489 vacancies in the public sector banks at the end of the last financial year.
Mr. Chidambaram said there are no plans to retrench staff and also no proposal to merge any small bank with bigger state-run banks.
Plans are also afoot to hire more in public sector banks. “84,500 people will be hired by public sector banks this year. Also, 6,000 branches will be opened each year,” Mr. Chidambaram added.
The government will infuse another Rs. 15,000 crore into public sector banks by the end of this financial year. “We have to infuse capital in the banks so that they can lend. The funds will be infused by bonus shares and rights issue,” he added.