Private Bank Jobs: 15 private banks including private sector giants HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank, IndusInd Bank, IDFC First Bank, Bandhan Bank and AU Bank have hired about 350 new employees every working day of 2023. couple.
Jobs Record News: Indian banks have registered tremendous progress in providing jobs. The pace of providing jobs by banks has been the fastest in the last decade. After the financial year 2012, people have got the maximum number of jobs in the banking sector in 2023. Top officials of the banking sector have expected the trend to continue in the financial year 2024 also. According to the news published in Economic Times, the competition for new appointments may exceed last year’s record. Not only this, this figure can reach its highest level ever.
Highest figure in last 10 years
According to data released by the Reserve Bank, public and private sector banks together employed 123,000 employees in the last financial year. This figure is the highest in the last 10 years. During this period, private banks have made rapid appointments. Recruitment was done especially in customer interface and technology functions. The aim of private banks is to rapidly expand their branch network in Tier 3 and rural areas.
1.24 lakh jobs were given in 2012
The number of employees increased by 61% in 2023 compared to financial year 2022. The effect of this was that the total number of employees increased by 7.4% on an annual basis to 1.76 million (17.6 lakh). The banking sector saw its highest-ever annual job growth with 125,000 new hires in fiscal year 2011. After this, in the financial year 2012, 124,000 people were given jobs by the banks.
Added 350 new employees every day
According to the report of ET, 15 private banks including private sector giants HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank, IndusInd Bank, IDFC First Bank, Bandhan Bank and AU Bank have hired about 350 new employees every working day of 2023. Added to. If the figures of replacement hiring are also added to this, then the number of employees getting jobs every working day becomes 600. Based on this, the number of employees in the coming year may cross the record 2011 figure.
Banks looking to take advantage of rural growth
HDFC Bank Chief Economist Abhik Barua said that the demand for employees in banks has increased due to increase in retail loans, housing demand and boom in the economy. Rajkamal Vempati, HR Head of Axis Bank, says that every bank wants to take advantage of the growth in rural areas. Banks are rapidly reaching semi-urban and rural areas. Amidst the increasing opportunities for jobs in banks, banks are also facing the difficulty of retaining old employees.
Reason for increase in jobs in banks
Rapid increase in retail loans, housing demand and growth in the economy are also creating huge demand for manpower in banks. The number of employees in the year 2023 has increased by 61 percent as compared to the financial year 2022. This figure is expected to increase from the current 1.23 lakh in the coming year. Before the year 2023, 1.25 lakh employees were appointed in 2011 and 1.24 lakh in 2012.
