A good news for all the candidates aspiring to do jobs in Public sector banks that the PSU banks including SBI will be hiring in large numbers to fill up 56,500 vacancies in the next 6 months.
This will be the highest ever recruitment by the PSU banks ever seen. The data released in one of the leading newspapers states that this year recruitment will be 30% higher than the last year’s numbers as for most of the banks their business cycle is grooming.
Why such huge number of Vacancies?
The reason for such higher number of recruitment’s is:
- Reserve Bank of India (RBI) is all set to issue new licences to PSU banks permitting them to open new branches
- Fill the gap created by retirement and attrition.
Number of Vacancies:
The Institute of Banking Personnel Selection (IBPS) said 20 public sector banks, excluding SBI, will hire:
A) 22,415 officers and 32,453 clerks for branch expansion in urban as well as rural areas; &
B) 1,500 officer positions to fill the gap created by retirement and attrition.
RBI data shows business per employee for PSU banks is higher at the end of March 2012 than for private sector ones. But the profitability of private banks is far higher for a variety of reasons, including lesser bad loans.
BUT in near future one will see the kind of a balance sheet effect which will come in positive for most of the PSU banks. The reason for this is that the use of modern technology has helped banks to improve services as well as find new opportunities with low transaction costs.
Nowadays job in bank has become a lucrative & glamorous opportunity for the young generations. Individually, Banks have also taken steps and make the jobs more lucrative to attract the best of the talent in the market. Also during the past decade, state-run banks have improved their operational parameters.
These are are showing the recovery signs of the PSU banks and thus banks have decided for branch expansion.
Now what next?
The banks are all set to blow off their guns & hire at a full swing now. Start preparing for the upcoming bank exams as you can be one the banks are looking for. Good Luck!
Read from here the article published in one of the leading newspapers