The Hindu Business Line : Unions take it with a pinch of salt

Chennai, March 25 Mr M. Balachandran, Director of the Institute of Banking Personnel Selection (IBPS), an organisation that assists banks in recruitment, promotion and talent matching, said that there was a surge in the last two to three years in recruitments by the banking sector.

He said that over 1.5 million candidates were tested for recruitment in the banking sector in the current fiscal alone by the institute. Banks were filling up positions in both clerical and officer cadre. The trend looks set to continue in the next fiscal with more enquiries coming in from banks, he said.

Bank unions, however, don’t seem excited by the possibility of 20,000 recruits by public sector banks in the next year. Mr C.H.Venkatachallam, Convenor of United Forum of Bank Unions (UFBU), was sceptical about that number being actually recruited.

He said, “I’ll be very happy if that number is recruited. Remember that the actual requirement on the field is closer to 50,000.”

He added that the recent surge in recruitment was largely due to the spate of retirements happening currently (banks had gone on a recruitment spree in the early and mid-seventies and those recruits would be retiring now). He said banks were engaged in fire-fighting to fill up those vacancies besides meeting their requirements for branch expansion.

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