The Hindu Business Line : Public sector banks go on headhunting spree

Hyderabad/Chennai, July 10 If you have a head for numbers and love a career in banking, here is some good news. Check out the newspapers and the employment advertisements. One of the largest recruitment drives seen in recent times is currently underway.

Public sector banks are adding a large number of people to their payroll. About 10 public sector banks (PSBs) have notified over 30,000 vacancies in different categories — both clerical and officer cadres.

As per the current notifications which can be accessed in the Web site of ‘Employment News’ published by Government of India, one can apply even today for various positions. Recruitment test for these jobs would be completed before the end of November this year.

The banks which had notified vacancies include State Bank of India (SBI), Union Bank of India, Bank of Baroda, Dena Bank, and Andhra bank, apart from the Reserve bank of India.

The nature of vacancies also show the increasing challenges faced by public sector banks as they need personnel from marketing and sales, information technology experts and law officers, among others.

Mr C.H. Venkatachallam, Convenor, United Forum of Bank Unions, while welcoming the recruitments, asked banks to speed up their process. He said, “Banks need to move faster. In the next two to three years, there will be a significant number of retirements of those recruited after nationalisation. Banks will have to look at recruiting another 70,000 persons during this period.”

Growing popularity

The popularity of a career in banking is also on the rise. “The fact that over 24 lakh people applied for 20,000 clerical posts advertised by State Bank of India recently (the exam was on July 24 shows that there are more takers for a career in banks,” an SBI official said recently.

According to Mr C.S. Vepa, Director, National School of Banking (NSB), a coaching institute for bank exams, the recent industry growth and fat pay packages, especially in private banks, and slowdown of the IT sector are pulling the youth to banking.

Applicants also note: your salary could soon be revised upwards as the public sector banks are also heading for wage revision. “Another pay revision is likely by the end of current year,” Mr O.P. Bhatt, Chairman, SBI, said during his recent visit here.

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