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
UP Board Class 10, 12 Result 2021: Guidelines Soon, No Merit List This Year
Uttar Pradesh Chief Minister Yogi Adityanath on Sunday said that the Board of Secondary Education will soon issue the guidelines and prepare the results of Classes 10 and 12 students. In the absence of examinations, the Board will not release a ...
VITEEE Result 2021 Declared; Direct Link
The Vellore Institute of Technology has declared the VITEEE result 2021 or VIT Engineering Entrance Examination Result 2021 on the official website– vit.ac.in. Those who have appeared in the examination need to enter their application number an...
NIFT 2021 Final Result Announced For BDes, Other Programmes
The National Institute of Fashion Technology (NIFT) has announced final results for admission to BDes, BFTech and other programmes. Students who appeared in the interview round after clearing the preliminary entrance examination can visit the officia...
States Gear Up For Entrance Exams After Cancelling 12th Board Exams
As Class 12 board exams have been cancelled by most of the states and the two central boards – CBSE and CISCE – the next step for the students is taking admission to undergraduate courses. Some of the top universities – DU, JNU, Jam...
Maharashtra MHT CET 2021: Registration Begins Today, Know Details
Registrations for the Maharashtra Common Entrance Test (MHT) CET 2021 will begin today, June 8, Higher and Technical Education Minister Uday Samant said. The application forms will be available on the official website, mhtcet2021.mahacet.or...
ICSI Releases Revised Schedule For CS June 2021 Exam
Institute of Company Secretaries of India (ICSI) has released the revised schedule for CS June 2021 exam. The Institute, on May 4, had notified that the CS June exams were postponed. The council has released the exam schedule for the Foundation progr...
ICAI Postpones CA Foundation Exams, Announces Schedule For Inter, Final Exams
The Institute of Chartered Accountants of India (ICAI) on June 5 postponed CA Foundation exams and announced the date sheets for CA Intermediate and CA Final exams scheduled for July. The CA Foundation exams will now begin on July 24. The decision to...
National Entrance Screening Test, NEST 2021, Postponed, Application Deadline Extended
In view of the Covid situation in India, the National Entrance Screening Test (NEST) 2021 has been postponed, the authorities said. Registration deadline for the entrance exam has also been extended. Students can submit their forms up to July 15. &l...
Medical Courses After Class 12 Without NEET scores
Medical courses are among the most preferred choices after passing Class 12 due to career growth and lucrative job opportunities. Every year, millions of aspirants register and appear for the NEET UG exam. As per last year's data, as many as 7,7...
NEET UG 2021: Application Forms To Be 'Available Soon'
The National Testing Agency (NTA) has activated the NEET 2021 official website - neet.nta.nic.in. The NEET application form 2021 along with the information brochure is expected to be released soon. The National Entrance cum Eligibility Test (NEET 202...