Banks to generate eight lakh jobs in six years: Assocham

The      country's banking sector will create eight lakh jobs in the next six years,     mainly due to expansion of branches, addition of newbanks and retirement of experienced staff, says an Assocham study.

Twenty-six public sector banks are going to hire 50,000 employees in the current fiscal. Besides, 20 private sector banks, regional rural banks and foreign banks put together will hire more than 50,000 personnel during 2013-14, it said. "This trend is likely to continue in the years to come as business volume and growth will go up along with entry of new private banks in the sector," said Assocham Secretary General D S Rawat. According to estimates, more than 1 lakh vacancies would be created due to superannuation of experienced public sector bank employees over the next six years, the study said. 

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