Hiring in banking sector likely to go up by 30% this year, says experts

With banks being bullish on branch and portfolio expansion, hiring by both PSU as well as private lenders is likely to go up to 30 per cent this year, according to industry experts. “The hiring scenario in the banking sector is extremely positive this year and is likely to be 80,000 to one lakh jobs, which is 25-30 per cent more than last year,” skill development firm TalentSprint Managing Director and CEO Santanu Paul told PTI here.

The rise in recruitment in the banking sector is mainly on account of both PSU and private lenders becoming bullish on branch and portfolio expansion, besides retirement and attrition factors, he said. The Reserve Bank of India has announced giving licences to new banks to operate by the end of FY 2013-14, PSU Banks adding more than 8,000 branches in current fiscal and private sector banks, rural banks and foreign banks expanding their own branch network are factors that will huge job opportunity in the sector, he said.

Read more >> Click here