Wednesday, 19 December 2018

Bank recruitment in the FY 19

Despite facing cash crisis and other major issues, various state-owned banks including State Bank of India, Bank of Baroda, Canara Bank and Syndicate Bank are expected to go ahead with staffing of about one lakh personnel in the current financial year to match up with the requirement of new-age banking needs and grow their business.

The number is more than double the number of people hired by these banks in the last two years. Notably, PSU banks collectively hired 95,000 in last two years for positions like clerk, management trainees and probationary officers excluding the number of lateral hirings done by the bank.

PSU banks are likely to proceed for specialist recruitment such as wealth management, analytics and customer services simultaneously enabling the State-owned banks to be competitive post the battle with huge number of bad assets.
The need to change the culture of PSUs to extract business can be seen in their hiring patterns. They are now focusing on hiring talent in line with new age as well as private/multinational creditors which will in turn yield results over a period of time
The PSUs are hiring more officers and few clerks. Barring State Bank of India, 20 per cent of total employees in PSBs fall in the category of clerks. The SBI has currently around 45 per cent employees as clerks.
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