Hiring by banks likely to go up 30% this year

Written by Press Trust of India | Mumbai | Updated: Oct 3 2013, 07:22am hrs
Hiring by both PSU as well as private lenders is likely to go up to 30% this year, according to industry experts.

The hiring scenario in the banking sector is extremely positive this year and is likely to be 80,000 to one lakh jobs, which is 25-30% more than last year," skill development firm TalentSprints MD and CEO Santanu Paul said. The rise in recruitment in the banking sector is mainly on account of both PSU and private lenders becoming bullish on branch and portfolio expansion, besides retirement and attrition factors, he said.

RBI has announced giving licences to new banks to operate by the end of FY 2013-14, PSU Banks adding more than 8,000 branches in current fiscal and private sector banks, rural banks and foreign banks expanding their own branch network are factors that will huge job opportunity in the sector, he said.