The banking sector in the country is growing at a very good pace and with that this sector is expected to create ample employment opportunities. It the year 2010, the hiring in the banks rose marginally.
The number of bank employees in public and private banks recorded a marginal hike but the foreign banks recorded a fall in their employee strength by 6.22% except Standard Chartered bank. Apart from it the largest lender in the country State Bank of India also registered a fall of 2.79 percent in its head count.
But that was last year, this year various banks have already commenced the recruitment process. More than 5000 posts are expected to be filled up of both officer and clerk grade.
The Chairman and Managing Director of Andhra Bank Mr R Ramachadran said that most of the existing bank staff is about to retire creating a lot of employment opportunities for the youngsters in banking sector. "This would happen at the senior management level as bulk of existing personnel had joined in the 1970s at a junior level and progressed to senior levels. Hence there will be lot of opportunities for the aspirants to get into banking," he said.
About the recruitment in the banking sector Chairman and Managing Director of Indian Bank Mr. T.M. Bhasin said "There will be more vacancies coming up in the industry sooner than what has been notified till now. This will be driven by large-scale expansion of banking in rural and urban regions, replacement needed in view of the retirements and the rationalisation of operations and staff."
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