PSU banks go on hiring spree

PSU banks go on hiring spree

New Delhi: New business needs and staff shortages due to retirements have sent the public sector banks on a hiring spree, with four of them planning to recruit close to 5,000 employees over the next few months.

While India’s biggest lender State Bank of India is looking to hire over 2,700 employees for its various associate banks, other state-run banking institutions like Union Bank of India, Bank of Baroda and Andhra Bank have also lined up plans to expand their workforce by about 2,000 at various junior and middle management levels.

Andhra Bank is targeting to fill 734 positions and Bank of Baroda and Union Bank of India are set to hire 400 employees each, as per the information available with them.

SBI is recruiting mostly clerical staff in the age group of 20-26 years for its associate banks State Banks of Patiala, Hyderabad, Mysore, Indore and Travancore to name a few.

Earlier this year, SBI had recruited about 1,000 customer relationship executives on a contractual basis. However, the candidates selected in this hiring cycle would be on a probation of six months.

“Selected employees could not fare well in the regular operations due to linguistic shortcomings, so SBI now is looking for candidates who will be reasonably capable in handling the operations in English language," a senior SBI official said.

Most PSU banks are now looking for candidates with good written and verbal English.

Union Bank of India would fill nearly 400 vacancies for the position of clerk-cum-cashier in the clerical cadre.

“We will complete the hiring process as early as possible, so that employees are able to join before March 31," a senior Union Bank official said.

Recruitments are being done to provide employees for the 150 branches the Bank is planning to open by next year, he added.

The Bank of Baroda, celebrating its centenary year and is in the process of transition to technology-enabled, customer-centric financial services organisation, is set to do junior and middle level hiring for more than 400 specialist officers for information technology, wealth management, human resource estate management, risk management and many more specialised profiles.

Andhra Bank would hire 365 probationary officers, 75 information technology officers, 10 law officers and 5 HR managers apart from recruiting close to 300 candidates in clerical level.

This would be in tune with the Bank’s long term plan of hiring about 2,000 personnel in different categories over the next three years to strike a balance between retirements and new business needs.

Registration process has been initiated for recruitment in all these banks and written exams scheduled for this year end and early next year. Most of these organisations have started inviting applications for various posts by publishing advertisements in newspapers.