The banking sector, which will see the entry of new players this year, is witnessing a hectic pace of activity on the HR front. An unusually high percentage of hiring is taking place, which is being attributed not only to branch expansion by existing banks but also to the new banking licences that are expected to be issued. Experts believe this could lead to a war for talent. Prospective players are said to be researching employee databases in existing banks to identify talent. Some are believed to have even kept banking personnel on a standby so that they can hit the ground running, if and when they bag a licence.

Read the Economic Times news report here.