To increase their digital transformation and adoption of new-age banking practices, public sector banks (PSBs) like SBI, Bank of Baroda, Canara Bank and Syndicate Bank are reportedly in the process of recruiting as many as one lakh people in this financial year.
State-owned banks like State Bank of India, Bank of Baroda, Canara Bank and Syndicate Bank are likely to hire one lakh people in the current financial year to match new-age banking requirements and grow their business. reported leading business news.
According to Team Lease estimates this is more than double the number they hired in the last two years. Barring lateral hires, PSU banks collectively hired 95,000 in last two years for positions like clerk, management trainees and probationary officers, the business daily said.
According to the report, PSU banks will be hiring for specialised functions like wealth management, analytics, strategy, digital banking and customer services.
“State-owned banks are turning competitive after battling mammoth bad assets,” the publication quoted Sabyasachi Chakraverty, business head – banking & financial services at TeamLease as saying. “The need is to change the culture of PSUs to drive business, and this has been seen in their hiring patterns. They are now focusing on hiring talent in line with new age as well as private/multinational lenders. This, in turn, should yield results over a period of time,” he added