It is estimated that around 60,000 clerks and officers will be recruited by public sector banks this year as bank jobs are now in big demand. Bank jobs are becoming popular as lucrative corporate openings are shrinking.
It is noticed that engineers, IT professionals, management graduates are looking forward for jobs in banks for various reasons. "I am looking for a bank job because of financial security and comfortable working hours," said Ms. K. Pratyusha, a former techie with Cognizant and a M.Tech (VLSI Design) from Vellore Institute of Technology.
"For women, working hours in IT are not convenient," Ms. Pratyusha added.
Mr. M Bhagavantha Rao, Managing Director of State Bank of Hyderabad said, "The career development opportunities and economic environment are behind the current interest in a career in banking".
The security of tenure and unavoidable ups and downs in the IT industry is also one of the luring factors for the youth to prefer bank jobs.
The salary packages offered by banks have also improved. For instance, State Bank of India is offering up to Rs 69000 per month for a probationary officer in Mumbai and in other cities about Rs 50000.
There are around 10,000 vacancies to be filled up in the next 4-5 months, Over 60000 new employees are needed in the current financial year on account of branch expansion.