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PSU Banks to hire about One Lakh People in 2018-19

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PSU Banks Hiring  – As reported by Economic Times, state-owned banks including State Bank of India, Bank of Baroda, Canara Bank and Syndicate Bank, etc are likely to hire one lakh personnel in the current financial year 2018-19 to deal with the requirement of new-age banking needs and grow their business. Banks are planning to hire personnel for specialized functions like wealth management, analytics, strategy, digital banking and customer services. As ET report citing TeamLease service is the staffing company.
“State-owned banks are turning competitive after battling mammoth bad assets,” the publication quoted Sabyasachi Chakraverty, business head – banking & financial services at TeamLease as saying. “The need is to change the culture of PSUs to drive business, and this has been seen in their hiring patterns. They are now focusing on hiring talent in line with new age as well as private/multinational lenders. This, in turn, should yield results over a period of time,” he added
The business daily quoted Mrutyunjay Mahapatra, CEO, Syndicate Bank as saying, “Going forward, the plain vanilla generalist recruitment will give way to a specific niche, strategy-based hiring.  Syndicate Bank is recruiting 500 people this financial year.
Mahapatra also added that, “We need a new type of manpower as they will be put in new areas like digital marketing and stressed asset recovery. Remunerations are also attractive at the first three entry levels compared to foreign and private lenders.”
The PSU are hiring more officers and few clerks, said the ET report, adding the TeamLease estimates that stated that barring SBI, 20 percent of total employees in PSBs fall in the category of clerks. The SBI has currently around 45 percent employees as clerks.


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