Bank Recruitment in 2013-2014: Recruitment in banking sector likely to go up by 30 percent this year.
With banks being bullish on branch and portfolio expansion, hiring by both PSU as well as private lenders is likely to go up to 30 per cent this financial year.
The hiring scenario in the banking sector is extremely positive this year and is likely to be 80,000 to one lakh jobs, which is 25-30 per cent more than last 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 of personnel in Officers and Clerical cadre in Public Sector Bank, conducted by Mumbai hardhearted IBPS, is already underway.
The rise in recruitment in the banking sector is mainly on account of both PSU and private lenders becoming bullish on branch and portfolio expansion, besides retirement and attrition factors.
The Reserve Bank of India has announced giving licences to new banks to operate by the end of FY 2013-14, PSU Banks adding more than 8,000 branches in current fiscal and private sector banks, rural banks and foreign banks expanding their own branch network are factors that will huge job opportunity in the sector.
Private sector lender ICICI Bank’s net hiring this year will be about 5,000-6,000 as attrition and retirement is a common phenomenon every year.
“Our net hiring this year will be 5,000-6,000 due to expansion, attrition and retirement,” ICICI Bank Managing Director and Chief Executive Officer Chanda Kochhar said.
IDBI Bank Deputy Managing Director M O Rego said 75 per cent of the bank is corporate and 25 per cent is retail with only 38 branches mainly in the metros and state capitals.
“We were mainly into wholesale, but with retail expansion we expanded our branches and this year we are planning to add 300 branches across the country, for which we will need to recruit 2,000-2,200 people,” Rego added.
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