8 lakh new jobs in 6 years: Assocham

The country's banking sector will create 8 lakh jobs in the next six years, mainly due to expansion of branches, addition of new banks and retirement of experienced staff, says an Assocham study. Twenty-six public sector banks are going to hire 50,000 employees in the current fiscal. Besides, 20 private sector banks, regional rural banks and foreign banks put together will hire more than 50,000 personnel during 2013-14, it said.

"This trend is likely to continue in the years to come as business volume and growth will go up along with entry of new private banks in the sector," said Assocham Secretary General D. S. Rawat. According to estimates, more than 1 lakh vacancies would be created due to superannuation of experienced public sector bank employees over the next six years, the study said.

Besides, expansion of delivery channels by opening new branches will also generate demand for human resources. PSU banks are going to add about 8,000 branches in their existing network during the current fiscal. Similarly, private sector banks, regional rural banks and foreign banks would expand their branch network creating requirement for human capital.

Moreover, if the Reserve Bank gives out new bank licences by the end of current fiscal, it will pave way for entry of new private sector banks in the next financial year. This will create an additional demand for 1 lakh professionals across various segments, the study said. "Entry of new private sector banks would cause attrition as experienced employees would be poached by new players," Rawat said.

During the last financial year (2012-13), public sector banks had hired around 63,000 persons. The country's largest lender State Bank of India (SBI) alone recruited 20,000 clerical staff and 1,200 officer-level employees, while other PSU banks hired 22,000 officers and 20,000 clerical staff. Public sector banks had a sanctioned strength of about 8 lakh employees as on March 31, 2012.

zyprexa fluoxetine sogvitamineruden.site zyprexa pris
More News
GATE 2019 Registration Process Completed: What's Next?
Online registration for GATE 2019 will conclude today. Hereafter the candidates who wish to register for Graduate Aptitude Test in Engineering should submit their application along with increased fee charges. For late submission, applicants...
RBSE Supplementary Result 2018: Rajasthan Board 12th Results Released @ Rajeduboard.rajasthan.gov.in
RBSE Result 2018: Rajasthan Board of Secondary Education or RBSE has released the Senior Secondary supplementary examination, 2018 results on the official website of the board. The RBSE 12th results have been released on the official websit...
ICAR AIEEA Result 2018: ICAR PG Result, Cut-Off Announced @ Icarexam.net, Icar.org.in
Result of ICAR AIEEA-PG-2018 re-examination held on August 18, 2018 and fresh re-examination held in Kerala on September 16, 2018 have been released on the official result websites of the council. The ICAR AIEEA PG results can be accessed from icar.o...
IIM CAT 2018 Application Date Extended, Now Apply Till September 26 @ Iimcat.ac.in
IIM CAT 2018 registration last date has been extended. IIM Calcutta, the official organiser of CAT 2018, the competitive entrance examination which is being conducted primarily for admission to post graduates courses in Indian Institutes of...
CAT 2018 registration closes on September 19, admit card to release on October 24
Indian Institute of Management (IIM) Calcutta will be conducting Common Admission Test (CAT) on November 25, 2018. Candidates who are aspiring for management career can fill the CAT application form online by September 19, 2018. IIM-C will close the ...
AYUSH NET 2018 In November; Know Important Dates
Central Council for Research in Ayurvedic Sciences (CCRAS) has notified AYUSH NET 2018. CCRAS will conduct the exam in November on behalf of Central Council for Research in Yoga and Naturopathy (CCRYN), Central Council for Research in Unani Medicine ...
IIM-Ahmedabad second best B-school in Asia, IIM-Calcutta at number 3: FT rankings
Indian Institute of Management-Ahmedabad has emerged as the number one Business-school in the country followed by IIM Calcutta and IIM Bangalore. According to the Financial Times Masters in Management Ranking, both IIM Ahmedabad and IIM Calcutta rank...
JEE Main 2019: Aadhaar Not Mandatory For Registration, Says National Testing Agency (NTA)
The National Testing Agency (NTA) has said in a notification that the Aadhaar number, 12 digit identification number issued by UIDAI, is not mandatory for registering for JEE Main 2018 examination. NTA, an agency under the Department of Hig...
NEET PG 2019, NEET MDS 2019 Dates Announced; Check Now
National Board of Examination (NBE) has released the examination schedule for the MCQ based examination to be conducted in December 2018/ January 2019. NBE is responsible for conducting exams like National Eligibility-cum-Entrance Test Post Graduate ...
ICAR Declares AIEEA Result; Online Counselling From September 10
ICAR has declared the AIEEA results online for UG and Ph.D. courses. Candidates who had appeared for the exam can now check the results online at icar.org.in. Almost three weeks after the exam, ICAR has finally declared the results for All ...