Banking News

PSU banks hired 3 lakh employees in past four years: industry body

Press Trust of India | Updated On: February 16, 2014

State-run banks hired nearly 3 lakh personnel, including over 94,000 officers, in the last four years, according to data released by Indian Banks Association (IBA).

Public sector banks hired 2,97,896 staff between April, 2009 and August, 2013, the industry lobby said, while refuting reports that banks have gone slow or are not hiring at all.

"Banks are periodically making manpower assessment and recruiting personnel based on vacancies caused by superannuation, attrition, expansion of branches etc," IBA deputy chief executive K Unnikrishnan said.

He said the 73,258 employees were hired in FY 2013, while during the period between April and August 2013, the state-run banks hired 52,348 people, indicating a surge in hiring activity. more.......