PSBs To Hire One Lakh People This Fiscal

Every year banks provide a myriad of opportunities to the youngsters to join several institutions as a banker and this is the reason why these examinations are a craze among the youth. As the competition is getting pumped up, candidates need to be on high spirits and the perseverance must be the same. 

In a first, the Public Sector Banks are now on a talent hunting spree. As per the excerpt from the Economic Times, SBI, Bank of Baroda, Syndicate Bank and Canara Bank are in the process of recruiting as much as one lakh people this financial year obviously with the aim to push new age banking. 

As per the article from Business Today, the PSBs have hired approximately 95000 personnel in the past two years at positions like the clerk, management trainees and probationary officers and still the irony is that there are around 20 percent of total employees fall in the category of clerks. Only SBI boasts to be a firm where 45% of employees are clerks than officers. 

Since this era is all about technology and new age predominances, the banks are also looking out for a new breed of manpower to get accustomed in new and demanding areas like digital marketing and stressed asset recovery.   

Speaking of which, Syndicate bank is on a verge of hiring people as the average age of employees is falling - from 46.5 years two to three years ago the average age at the bank has come down to 37 years. According to TeamLease, the PSB recruitment drive is being spearheaded by the country's largest lender, SBI. Besides fresh hiring, the bank is also looking to appoint 5,000 people through lateral hires in preparation for the potential business expansion on the cards over the coming quarters.

So students, now that you already know about the vacancies coming up next, batten down the hatches and get yourself ready to bring it off this time. All the best!!

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