News: Hiring in banking sector likely to go up by 30 %

Strategic HR

Hiring in banking sector likely to go up by 30 %

According to a Financial Express report hiring by both PSU as well as private lenders is likely to go up to 30 per cent this year. The report quoted TalentSprint Managing Director and CEO Santanu Paul as saying, "The hiring scenario in the banking sector is extremely positive this year and is likely to be 80,000 to one lakh jobs, which is 25-30 per cent more than last year."

According to a Financial Express report hiring by both PSU as well as private lenders is likely to go up to 30 per cent this year. The report quoted TalentSprint Managing Director and CEO Santanu Paul as saying, "The hiring scenario in the banking sector is extremely positive this year and is likely to be 80,000 to one lakh jobs, which is 25-30 per cent more than last year."

The rise in recruitment in the banking sector is mainly on account of both PSU and private lenders becoming bullish on branch and portfolio expansion, besides retirement and attrition factors, he said.

The Reserve Bank of India has announced giving licences to new banks to operate by the end of FY 2013-14. The report mentions Paul as mentioning that a few factors such as PSU Banks adding more than 8,000 branches in current fiscal and private sector banks, rural banks and foreign banks expanding their own branch network will lead to generation of huge job opportunity in the sector.

Private sector lender ICICI Bank's net hiring this year will be about 5,000-6,000 as attrition and retirement is a common phenomenon every year.

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Topics: Strategic HR, #Jobs, #Hiring

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