Fast-track Hiring To Overcome Manpower Shortage In PSBs, Says BusinessLine

January 8, 2019 Share Like Labels: ba

As per a report published in the BusinessLine, Public Sector Banks of India are expected to foster recruitment for the posts of Clerks, Probationary Officers, and Specialist Officers. A sudden fall in the registrations for these posts has been observed from the data shown by the Institute of Banking Personnel Selection (IBPS).

Also, 95 percent of GM level employees, 75 percent of Deputy GM level employees, and 58 percent of Additional GM level employees will retire in 2019-20. In order to avoid the sudden vacuum that could be created past the retirement of veteran bank officials in the financial year 2019-20, the PSBs need to hire employees at lower levels, the lawmakers said in a report to Parliament.

Previously, an excerpt from the Economic Times reported that SBI, Bank of Baroda, Syndicate Bank and Canara Bank are in the process of recruiting as much as one lakh people this financial year with the aim to push new age banking. These are clear indications for mass hiring in the banking sector in the days to come.

So students, you have enormous time to get yourselves ready for the exams that will be conducted to carry out these recruitment processes. Jump on the bandwagon and set about preparing for these exams with a strategic plan. If you follow it through, you will definitely bring it off this year. All the best!!