Public Sector Banks Face Shortage of 56,000 Employees

Public Sector Banks Face Shortage of 56,000 Employees. Public Sector Banks to Recruit more than 50000 people this financial year.

Public Sector Banks in India is facing shortage of 56,022 personnel across various cadres and the lenders are at different stages of filling these vacancies. The examination for the recruitment in Public Sector Bank is conducted by the Mumbai headquartered Institute of Banking Personnel Selection (IBPS) which has already published the notification for the recruitment in Clerical Cadre and Officer Cadre in Nationalized Bank (PSB) as well as Regional Rural Banks (RRBs).

Employee productivityPublic Sector Banks (PSBs) in India is currently facing staff shortage of  more than 56000 personnel across various cadre and the lenders are at different stages of filling these vacant positions.  In the officer category, 25 public sector banks have 23,794 vacancies as of March, 2013.

Of this, 5,815 officer level posts are vacant in Bank of Baroda (BoB) only. Syndicate Bank has 1,500 vacancies in officer cadre. Andhra Bank is facing a shortage of 1,484 officers. In Bank of India  it is 1,473. Allahabad Bank needs to hire 1,450 officers, Punjab & Sind Bank 1,454 and Punjab National Bank 1,119.

With regard to vacancies in the clerical cadre, sources said that as many as 22,347 posts are vacant in various banks including five associate banks of State Bank of India (SBI).

Bank of Baroda tops the list with as many as 3,615 vacancies. It is followed by Allahabad Bank with 2,627 vacancies, while State Bank of Tranvancore has 2,500 vacant positions at the end of 2012-13. Vacant of post of clerks in Punjab National Bank is about 2,200 while in case of Bank of India it is 1,468.

At sub-staff level, sources said there are 9,881 vacant posts.

In the present financial year public sector banks are going to recruit 50,000 personnel in various cadre.

Earlier this year in June 2013 Finance Minister P Chidambaram had said after meeting heads of PSU banks – “This year, public sector banks are expected to add 10,000 branches of which 2,000 are to be by Regional Rural Banks. Correspondingly, there will be recruitment. In fact, all the banks put together are expected to recruit some 50,000 persons in the current year.”

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