New Delhi: Public sector banks will hire 30,000 personnel during 2009-10, even as Indian companies, facing the heat of the global financial meltdown, has put a virtual halt on recruitment.
“As per the preliminary estimates, public sector banks are expected to hire over 30,000 people during 2009-10,” Institute of Banking Personnel Selection (IBPS) director M Balachandran said.
The institute, promoted by PSU banks and the Reserve Bank of India, has been rendering assistance to financial sector in the activities of employees’ selection, promotion and placement.
A large number of employment opportunities have emerged in the banking sector owing to branch expansion by various lenders, business growth and aggressive marketing, he said.
Balachandran, former chairman and managing director of the Bank of India, said recruitment would also fill up the gap created due to large scale of superannuation in many banks.
At the same time, in bid to increase fee-based income banks have started activities like distribution insurance policies, mutual fund schemes and other financial products.
This has created need to recruit some specialised manpower in those segment, he added.
Many lenders, including the United Bank of India and the Indian Bank, have already issued advertisement for recruitment. For example, Kolkata-based UBI is hiring 900 probationary officers and 500 clerks. Besides, it is also hiring 100 specialized officers across various departments.
Indian Bank has invited application for the post of 700 clerks to be recruited during the course of year while Hyderabad-based Andhra Bank is planning to recruit 550 clerks.
Andhra Bank will also hire 295 probationary officer and 150 officers in other category.
On the contrary to the trend in the banking segment, many sectors including information technology and textile are handing over pink slip to their staff.
Third largest software exporter, Wipro last week said it would freeze salary hike and is uncertain about campus recruitment.
According to the government data over one lakh people lost their jobs in the export sector due to the global downturn.
“A sample survey conducted by the Department of Commerce for 402 exporting units spread over 17 different sectors, primarily employment oriented, revealed job loss (both direct and indirect) to the tune of 1,09,513 persons during the period August 2008 to mid-January,” minister of state for commerce and industry Jairam Ramesh had said in a written reply.