People seeking bank jobs seem to have huge opportunities knocking their doorstep. The public sector banks would be hiring around 80 to 100 people on an average on a daily basis for various posts in the upcoming fiscal.
This leads to projection that around 40,000 to 50,000 vacancies for officer and clerk grade will be filled up this year.
Experts say that branch expansion and replacement of retired staff are driving these PSBs into hiring spree.
Earlier it was SBI which had announced that it would be increasing the number of recruitments this year but now all other PSBs seem to be following suit.
"We have already notified 4,500 vacancies of probationary officers. In addition, over 25,000 clerks will be recruited soon as per our Chairman, Mr. O.P. Bhatt's recent statement," a senior SBI official said.
"The overseas expansion plans too will add vacancies back home though seniors are generally preferred to be sent abroad," he added.
"According to my expectation, the minimum recruitment to happen this year could be 40,000 upwards. I feel that a similar recruitment trend will continue for the next two/three years," Mr. S A Bhat, Chairman and Managing Director, Indian Overseas Bank said.
Small and mid sized banks like State Bank of Hyderabad and Andhra Bank are still in process of finalizing their vacancies.
"This fiscal, we have almost added 3,000 staffers which may be a little higher in the next financial year," a senior official of Bank of Baroda said.
This year the openings will not be limited to officers and clerks. The openings in the industry would rather be segregated into diverse categories like specialist officers and technocrats, according to Mr. R.S. Reddy, Chairman and Managing Director, Andhra Bank.
Presently the banking industry has 7.25 lakh employees.