Demand for Indian bankers up 25% in UAE

Written by Press Trust of India | Mumbai | Updated: Apr 4 2011, 08:28am hrs
There is an up to 25% rise in demand for Indian banking professionals in the global market, especially from Africa and the UAE, as firms seek to cash in on their experience, leading human resources firm GlobalHunt has said.

Many companies in Africa and UAE are trying to attract Indian banking professionals, as they can handle volumes and have seen the full life cycle of banking in India from various transactions, GlobalHunt India director Sunil Goel said.

There is 20-25% increase in demand mainly for functions such as relationship management, sales and marketing, new product launches, back and front office operations and technology support across all levels, he said.

Increment in countrys currency is attracting Indian banking professionals to explore such markets, he said.

These companies are offering double compensation and professionals are interested in taking up such assignments for new challenges, exposure, attractive compensation and saving potential, he added. Africa, Kenya, Nigeria and South Africa are major countries where Indian banking professionals are in demand at the leadership level.

Meanwhile, in West Asia, Dubai, Abu Dhabi and Saudi Arabia are keen on hiring banking professionals from India, GlobalHunt has said.

India is a large and complex market and most of the banking professionals have experience in private banking expansion. They can handle volumes and have seen the full life cycle of banking in the country from transactions in passbook, multiple accounts, credit cards, to ATM to mobile banking and some of which are yet to be seen in these regions, Goel said.

Demand for Indian professionals is also seen from companies other than financial firms, like a large number of business conglomerates and multi-national companies, he said.