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PSU banks hire 3 lakh people in 4 years

PSUPublic sector banks hired nearly 3 lakh personnel, 94,000 of them officers, in the last four years. The Indian Banks Association, which released data on the hiring said these banks hired 2,97,896 staff between April 2009 and August 2013 setting at rest reports that banks have gone slow or are not hiring at all. IBA’s deputy chief executive K. Unnikrishnan said banks are periodically making manpower assessment and recruiting personnel based on vacancies caused by superannuation, attrition, expansion of branches etc. A bulk of the hiring was at the clerical level, with 1,74,786 people being recruited during the four years and five months period and there were 28,467 hirings in the ‘sub-staff’ category as well. According to a study done by Assocham in September 2013, banks will be needing up to 8 lakh personnel in the next six years. It estimated that state-run lenders will alone hire 50,000 personnel in FY 2014.

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