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PSU banks need to fill 40,000 vacancies
Vrishti Beniwal / New Delhi Jan 04, 2010, 00:15 IST

About 40,000 vacancies have been created in public sector banks so far this year due to retirements, resignations and expansion of business. The State Bank of India group had 19,000 vacant positions, followed by mid-size banks like Syndicate Bank and Central Bank of India, which have over 3,000 vacancies each. The data is from the Department of Financial Services.

The current employee strength of all state-run banks is about 672,000. The SBI group has about 200,000 employees, followed by Punjab National Bank and Canara Bank, which do not have any vacancies presently.

“Retirements and opening of new branches and business growth are the key reasons for these vacancies. Branch expansion is happening at a much faster pace than the selection process. Banks are trying to fill these posts but getting the right talent is a challenge,” said the chairman of a state-run bank.
 
MANPOWER CRUNCH
Bank Employees Posts vacant
IDBI Bank 10,201 0
Corporation Bank 12,465 0
Bank of Maharashtra 13,631.00 0
Indian Overseas Bank 25,512.00 0
Canara Bank 44,090 0
Punjab National Bank 54,780.00 0
United Bank of India 15,111.00 216
Allahabad Bank 20,457 523
Bank of India 40,155.00 675
Vijaya Bank 11,975.00 717
Dena Bank 9,883 835
Andhra Bank 14,255 973
Indian Bank 19,993.00 1,022
UCO Bank 23,736 1,261
Punjab & Sind Bank 8,700.00 1,360
Oriental Bank 1465600% 1,550
Bank of Baroda 36,838 1,979
Union Bank of India 29,014 2,870
Central Bank of India 35,543 3,025
Syndicate Bank 25,068 3,210
SBI Group 205,896 19,047
  671,959 39,263

Indian Bank, UCO Bank, Punjab & Sind Bank, Oriental Bank of Commerce, Bank of Baroda and Union Bank of India also have over 1,000 vacancies each. IDBI, Corporation Bank, Bank of Maharashtra and Indian Overseas Bank have filled all posts.

“Recruitment in public sector banks is a continuous process. The entire selection process handled by the Institute of Banking Personnel Selection (IBPS) takes a long time. Too many vacant posts and delay in recruitment affects growth and performance of banks to some extent,” said another top banker.

In 2008-09, about 55,000 people were recruited by public sector banks. IBPS had initially estimated recruitment of over 30,000 people in 2009-10. However, this may go up because banks have to fill existing posts, as well as new vacancies arising out of superannuation and expansion of business over the next three months. SBI is planning to hire 13,000 persons in the current financial year. Bank of Baroda, United Bank of India, Andhra Bank and Indian Bank are planning to recruit 3,000, 1,500, 1,000 and 700 people, respectively, at various levels.

Apart from opening a significant number of new branches every year, many banks have ventured into new areas such as distribution of insurance and other financial products. The average number of offices per bank in India rose to 825 in 2008-09 from 776 in 2007-08. Business per employee also rose to Rs 7.5 crore last year from Rs 6.33 crore in the previous year. Wages as a percentage of total expenses came down by 50 basis points, to 13.52 per cent in 2008-09.

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Respected Sir, My self Deeparani K i am interested in banking job. I have complited Master degree in Agri economics in 2008 and know i am working as research associate in UAS Dharwad as temporary basis and i am getting 20000 salary per month. Please help to get a job in banking sectore as a permanent employ. With regards DDEPARANI K
Posted by: Janaki Subramaniyan
I am a B.Com Graduate having passed in 2009 and 24 years old with around one year actual working experience in Accounts and a bit of Commercial side. I am not expecting any big salary but a good opening in a good organisation.
Posted by: lalit
hello sir i want govt job in bank. i complete my B.com 2007
Posted by: harish
Harish hi i am Harish ihave completed b.bcom. in year 2008 iwant to good command on a/c.experience with hero honda seles & service 5 year.mob no. 9922959696 /9922507102 please inform me.
Posted by: Richa
Hi I am Richa. I have complete B.com in year 2007 & PGD in Finance in year 2009 I want to good job in banking & finance sector so please inform me .
Posted by: Rahul Salunkhe
Hi I am Rahul. I have completed my B.com and MBA ...Please inform me if any vacancy in banking sector.......... My email id is s.rahul3003@yahoo.com / s.rahul3003@rediffmail.com
Posted by: Ekta
Hi I am Ekta. I have completed my B.com and CS (result awaited)...Please inform me if any vacancy in banking sector.......... My email id is csektakhandelwal89@gmail.com
Posted by: selvi
Hi i am selvi i have complete bcom in the year 2009. I want to good job in banking & finance sector so please inform me .
Posted by: Punit
Hi I am Punit Laheru. I have completed B.com. Now I am persuing MBA from stevens business school, Ahemedabad. If there is recruitment in any public (NAtionalise)banks than please inform me. My email id is punit.best.2008@gmail.com
Posted by: vipul7580
Hi i am vipul Makwana i did b.com.i have more than 4yrs experience in general insurance operation department.please inform me if any vacancy in insurance & banking opeartion department. my cell no is 09998257670.
Posted by: atul.khare
Hi i am Atul khare and I did M.Sc (maths) now i am persuing pgdm from Parul Inst.of Baroda.(Marketing and IB)
Posted by: Darshan Suthar
Hi, I am Darshan Suthar and I did B. Com with First class. Presently I am working with ICICI Bank Ltd as a Credit Processor.And I have total 4 Years experience in Operations Department. And I need the Job in Operations and Banking department. So Plz infome me on my cell 09714020073.
Posted by: kalpana
I AM KALPANA.N ,,,,,, I want good job..... I have completed in iti with copa trade (pass)(computer operator and programming assistance),,,,,,,, One training on beml ltd( bharth earth movers limited )an k.g.f complex.. My knowledge in M.S WORD, M.S EXCEL, M.S POWER POINT, M.S DOC, DTP, PHOTO SHOP, C, C++, SAP, HMS,,,, ONE EXPERIENCE IN SAP WORK with BEML limited on k.g.f complex.... please contact: E-mail : kalpanapunee@yahoo.com mobile no : 9741214053 8971460759
Posted by: CHETAN
dear sir, i am chetan kumar.n i have completed B.com in the year of sept 2009, i want to apply to the bank plz send the proceedure to apply and what is the last date to apply and fees and how to apply? means through online or off line
Posted by: Laxman
Hi, I am Laxman Khatri. I have done my MBA with Marketing+Finance and i have a experience in marketing and Finance Sector both. I want to growth in marketing sector. Please do something.
Posted by: dalchand
hi i am Dalchand sharma. i have don my mba with finance i want to job in banking and finance sector .
Posted by: amit
please let me know if any bank recruitment notice is issued via email, presently i am working with ICICI BANK, Since last 3 year as relationship manager
Posted by: Sudha
Please let me know about the bank notification in future.
Posted by: Parmeshwar
Please let me know if any bank realeases notification
Posted by: SBI
hi,my name is Bhoopendra Singh. If any bank recruitment notice is issued please let me also know via email
Posted by: BipinJha
hi,my name is BipinJha,I have completed my MCA,Diploma in H/N,O'-level course and i have 2 years experience in citi Bank as a system administrator .right now i m working in a education system as centre manager since one and half years.now i want to change my job and want to work in bank in IT-branch.plz let me know regarding my expected job.thanx
Posted by: anuradha
hi,my name is Anuradha gupta,i have completed my MBA in finance and HR in 2008,i have one year 5 months experience as a HR executive in a placement company lucknow.i m just looking job in banking sectors.please look into this and if there is any job matching my qualification,please let me know.thanks
Posted by: sanju
Hi. I m working at himalayan bank in nepal since 1 year as an outsource staff . I m just looking for a job in banking profile as a bank staff. I m B.Com (P) graduate. Please look into this and if there is any job matching my qualification,, please let me know. Thanks
Posted by: Nutan
If any bank recruitment notice is issued please let me also know via email
Posted by: sarika
Hi. I m working as a process associate since last 1 and a half yrs. I m just looking for a job in banking profile. I m B.Com (P) graduate. Please look into this and if there is any job matching my qualification,, please let me know. Thanks
Posted by: mamta
I have no experience but I have lots of conviction whatever task is given to me.I know that I am capable of accepting every challenge put in front of me. I am sincere and hardworking.
Posted by: Bank of India
My Name is Prachi shashikant Naik. S.S.C.Passed March 2002Mumbai University H.S.C Passed March 2005 Mumbai University S.Y. B. com Appearing PROFILE :Able to co-ordinate with all levels of people Polite and soft spoken with a drive to achieve result. Willing to learn new things. JOB RESPONSIBILITIES:? Looking administration ? Preparing the running report on billing and follow up with the clients for payment of outstanding bills ? Making invoices & quotations as per senior's instructions. ? Maintained Personal Accounts and vouchers entry and Bank Reconciliation in A/c's Package. WORK EXPERIENCE ? Worked As Cyber Caf? For 6th Months From Andheri. ? Worked As Office Assistant & Telephone Operator For 6th Months in Jogeshwari ? Worked in FLAKES AIRCON Company Airconditing (LG) Make Delar Sales, Service, Accounts, & Other Site Projects Handle Since 4 Years in Vile- Parle
Posted by: rajeev55
Present system of recruitment in PSBs is expensive for both ie, candidates & Banks.Earlier, their were BSRBs to conduct exam atleast for 2/3 banks at a time. Cost was less and candidates were able to apply for a number of banks for just paying Rs. 40/-. Now, a candidate has to apply foreach Bank seperately and to pay Rs. 400/- as fee. Moreover, now Banks ask to deposit fee at their branches only. When we know that there is a hardly any Bank except SBI which has branches even in all districts. This way, Banks' recruitment is losing its national charecter. The talk of quality recruitment has no meaning when examination body is one & same for all Banks. It is the high time when MOF should intervene and a common examination should be conducted for all Banks & fee should be nominal and be collected through various mopde of payments including Bank Drafts.
    Posted by: Abhay deshpande
Dear sir i complete my graduation B.COM(first class wid distinction) also MS-CIT, English & Marathi typing, also knowledge of English & also appeared M.com(e-commerce)...really need for banks jobs when vacancy then send mail for joining .................iam waiting........
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