Public sector banks outpace civil services in job applications
This is even higher than the number of aspirants for the civil services examinations. Over 4.72 lakh people had applied for the Civil Services Preliminary Exam 2011, from which only 910 candidates were finally selected for the Indian Administrative Service and allied services .
Meanwhile, the Common Admission Test (CAT) that opens the doors to a high profile career in corporate India had 2.14 lakh applicants registered in 2012 for about 3,500 seats in the 13 Indian Institutes of Management across the country. “This was our highest response ever. It was largely because we re-positioned our advertisements, showcasing the profile of the bank as well as opportunities for officers such as foreign postings,” said Pratip Chaudhuri, chairman, SBI.
While earlier advertisements for PO jobs in the bank listed a salary of Rs 32,000 per month along with house rent allowance, it has clarified the remuneration now, Chaudhuri said. The advertisements offered a maximum salary of up to Rs 69,000 a month.
The Khandelwal Committee report on human resource issues in banks had pointed out that banks will hire over 10 lakh people due to retirement and natural attrition. A large number of
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