One Lakh Bank Jobs to be recruited in India

It is likely that recruitment in Banks may increase by 30%. Financial experts say that portfolio expansion in private and public sector banks has helped for this large scale recruitment.  Recruitment in banking sector is going to be most encouraging. 80 thousand to 1 lakh candidates are likely to get jobs. Compared to last year, this is 25 to 30 per cent more – said Talent Sprint Managing Director & CEO Santhanu Pal on October 2.

Private and public sector banks are in sprint mood for expansion of their branch network. Added to that, retirements and resignations have contributed for creation of these new posts, Mr.Santhanu Pal stated. Mr. Pal further stated that public sector banks are opening 8000 branches during the current financial year and that by the end of 2013 – 14, new banks licensed by Reserve Bank of India will start their activities.

ICICI Bank MD & CEO Chanda Kocher stated that retirements and resignations are a normal feature every year and that they are recruiting net 5000 to 6000 candidates this year. M.O.Rego, Deputy Managing Director of IDBI Bank has stated that in the process of retail trading expansion, they propose to open 300 branches country-wide, for which there would need to recruit 2000 to 2200 candidates. Mr. C.V.Rjendran, Executive Director of Bank of Maharashtra stated that after licences are granted to new banks, many employees may leave their present jobs, that more than 800 employees are going to retire and taking these points into account they  are appointing 30% more than the required number of employees and that they are recruiting 2000 Officers during this year.