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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