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
VTUEEE Syllabus 2024: Download Detailed Syllabus PDF
VTUEEE Syllabus 2024: Vel Tech University has released the VTUEEE 2024 syllabus for the VTUEEE exam on its official website, Veltech.edu.in. The syllabus mainly incorporates the topics of physics, chemistry, and mathematics of the 11th and 12th ...
VTUEEE Application Form 2024 (Released) - Apply Online @veltech.edu.in
VTUEEE Application Form 2024 - Vel Tech Institute has released the VTUEEE 2024 application form online veltech.edu.in. The direct link to fill out the application form of VTUEEE 2024 is updated on this page. Class 12th passed students and d...
VTUEEE Admit Card 2024 - Date, How to download hall ticket @veltech.edu.in
VTUEEE Admit Card 2024- Vel Tech University will issue the VTUEEE 2024 admit card online at veltech.edu.in. The link for the VelTech admit card download will be provided on the page after the official release. Candidates have to provide the appl...
VTUEEE Exam Pattern 2024: Marking Scheme, Mode of Exam & Duration
VTUEEE 2024 Exam Pattern: Vel Tech University has released the VTUEEE 2024 exam pattern along with the official brochure at veltech.edu.in. The VTUEEE exam pattern comprises details such as the mode of the exam, duration, total marks, and markin...
VTUEEE Result 2024 - Date, Time, Scorecard
VTUEEE Result 2024 - Vel Tech University will declare VTUEEE 2024 result online at the official website, veltech.edu.in. VTUEEE exam results 2024 will be declared a week after the conclusion of exam. The link to check the result of VTUEEE 2024 w...
NEET UG 2024: Key topics in Biology syllabus, high weightage areas
NEET UG 2024: Half of the total score on the NEET UG 2024 is for the biology part, making it an important component. Here are the highly weighted topics from NEET UG 2024 biology syllabus.One of the most significant competitive exams in India is NEET...
IIT Kanpur Placements 2023: 485 job offers on Day 1, 12 international offers
IIT Kanpur Placements: As many as 428 students received job offers through a combination of campus placements and PPOs. IIT Kanpur Placements 2023: The Indian Institute of Technology (IIT) Kanpur placed 485 job offers on the first day of their ...
JEE Main 2024: Last date to register for January session exam today
JEE Main 2024: The JEE Main application correction window will start on December 6 and continue till December 8, 2023. JEE Main 2024: The National Testing Agency (NTA) will close JEE Main 2024 application window today, December 4. Applicants ca...
Karnataka II PUC, SSLC exams 2024 to be held in March, check dates here
Karnataka II PUC, SSLC exams 2024: KSEAB has given 15 days time for parents and students to file their objections to the timetable. Karnataka II PUC, SSLC exams 2024: The Karnataka School Examination and Assessment Board (KSEAB) today announced...
UPSC CSE: More engineers, doctors switching to civil services; but what’s wrong in that?
Report says steady decline in the number of candidates from the humanities stream opting for civil service between 2011 and 2020.A recent parliamentary standing committee report has flagged concern over an increase in doctors and engineers entering t...