1.5 lakh PSU bank jobs up for grabs

Public sector banks in the country are likely to recruit over 1.5 lakh personnel in various cadres over the next three years.

“The manpower requirement of public sector banks will increase substantially over the next three years as significant number of retirements is lined up in all banks,” Mr R. Bhaskaran, Chief Executive Officer, Indian Institute of Banking and Finance (IIBF), Mumbai, told Business Line.

As per IIBF estimates, vacancies coming up in public sector banks alone could be over 1.5 lakh. “Apart from entry-level clerical positions, there is a need for mid-level executives. Further, as banks are diversifying into areas such as insurance, they will have to hire domain experts as well,” Mr Bhaskaran, who was in Hyderabad recently, explained. The PSU banks recruited about 30,000 last year.

The positions are now getting diversified. “The banks today are in need of marketing and finance executives, legal officers, IT professionals to handle core banking solutions (CBS), analysts and agricultural officers,” pointed out Mr Kalyan Mukherjee, Executive Director, Andhra Bank.

“Lot of retirements are in the offing. Further, as business is expanding, the manpower expansion should go hand in hand with it,” he said.

SBH To Recruitment 400

Mr Amitabha Guha, Managing Director, State Bank of Hyderabad (SBH), also sees increasing need for manpower. “SBH alone will be recruiting 400 personnel including 100 officers this year. We have already sent the intent to SBI which will recruit for us,” he said.

In contrast with the previous practice of a common written examination, many banks are exploring new hiring methods competing with private banks in tapping the talent.

“For recruiting finance and marketing executives and analysts, we are going for campus recruitment,” the Andhra Bank official said. The bank preferred mid-level institutes in Mumbai, Pune, Hyderabad and Visakhapatnam for campus recruitments, to big names such as IITs, he added.