NEWS & ADVICE : HOME LOANS
Banks to recruit engineering graduates
By Joseph Samson
Nov 10, 2011
Print    Email    RSS   

Banks this time are on a drive to hire engineering graduates on a large scale. The main drive behind this idea of banks has been the major focus that they are presently lending on acquisition and retaining of young customer base.

It has been estimated by the Institute for Development and Research in Banking Technology (IDRBT) around 10-20% of the total manpower of banks should comprise of technology graduates or engineers.

"Banks will need to focus on analytics to understand the life-time value of a customer and retaining them.

This can be done only by mapping of transactions by experts,'' Mr B. Sambamurthy, Director of the institute quoted in this regard.

"There are over 3,000 engineering colleges in Inida and it is estimated that 15 lakh engineering graduates are comming out of colleges every year. This is a valuable human resource at which banks have to look at,'' Mr Sambamurthy said.

Chairman of public sector lender, Mr M Narendra also commented that with increasing need of technology guided models of growth in the banking segment, the need of specialists in the technology domain is increasingly on a rise.


 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Home Loans: How to reduce your floating rate
Bank loans that could glitter for you
What if you default on your loan?
Refinancing your home loan: is it a...
RBI reports 19.73% credit growth of banks...


DO YOU NEED A LEGIT LOAN COMPANY ?
PINJORE: CaℒL Giℛℒs In PiNjOrE 09915787550...
PINJORE: CaℒL Giℛℒ In PiNjOrE 09915787550...
how to gate my home loan certificate

NEWS THIS WEEK
Canara Bank earned a profit of 60%. Feb 6, 2015
New Branch of Laxmi Vilas bank at Vijayawada Jan 30, 2015
Home loan EMIs expected to drop down Jan 21, 2015
Corporation Bank received MSME banking excellence award 2014 Jan 19, 2015
Home loan rates set to fall, after reduction in repo rate Jan 16, 2015
News Archive