Public sector banks will hire 30,000 personnel during 2009-10,
even as India Inc, facing the heat of the global financial meltdown,
has put a virtual halt on recruitment. “As per the preliminary
estimates, public sector banks are expected to hire over 30,000
people during 2009-10,” Institute of Banking Personnel
Selection (IBPS) director M Balachandran said.
The institute, promoted by PSU banks and the Reserve Bank,
has been rendering assistance to financial sector in the activities
of employees’ selection, promotion and placement. A
large number of employment opportunities have emerged in the
banking sector owing to branch expansion by various lenders,
business growth and aggressive marketing, he said.
Balachandran, former CMD of the Bank of India, said recruitment
would also fill up the gap created due to large scale of superannuation
in many banks. At the same time, in bid to increase fee-based
income banks have started activities like distribution insurance
policies, mutual fund schemes and other financial products.
This has created need to recruit some specialised manpower
in those segment, he added.
Many lenders, including the United Bank of India and the
Indian Bank, have already issued advertisement for recruitment.
For example, Kolkata-based UBI is hiring 900 probationary
officers and 500 clerks. Besides, it is also hiring 100 specialised
officers across various departments. Indian Bank has invited
application for the post of 700 clerks to be recruited during
the course of year while Hyderabad-based Andhra Bank is planning
to recruit 550 clerks.Andhra Bank will also hire 295 probationary
officer and 150 officers in other category.
Source: PTI
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