BANGALORE: If you are aspiring to land a job in the banking sector then, the coming months may bring job opportunities of your dreams, reports Hindustan Times.

The period from October to November would usher employment opportunities as the Reserve Bank of India is all set to bring banking licenses by the end of August 2015. RBI’s new proposal of granting banking licenses to payment banks hints at increased employment opportunities in the Indian banking sector.

Recruitment firms have witnessed a surge in the interest of Indians living abroad to trail back to the nation to join the banking sector at the mid to senior level executive posts.

The banking landscape in India is growing and is estimated to spawn around 40,000 new jobs.

According to a Delhi-based search firm, “We have been receiving piles of applications seeking jobs in the banking sector from Indians living abroad,”

As Indian economy is predicted to witness the fastest economic growth in the coming years, employees want to make most of it while European and U.S.  economies are struggling with the Greek crisis and revival respectively.

Ronesh Puri, MD, Executive Access, said, “There will be thousands of fresh jobs in the banking sector and recruitment would start by October. There will be clarity once the bank licenses are issued,”

Ashvin Parekh, managing partner, Ashvin Parekh Advisory Services, said, “Unless an existing microfinance company, or non-banking finance company, is converting into a bank, all others would require large number of employees,”

Employees currently working in the public/private banks also seek for a switch in jobs.

The small banks receiving the bank licenses offer basic baking services that include acceptance of deposits and lending whereas the payment banks will take in deposits, issue ATM and debit cards, and permit payments and transfer of funds. Reliance Industries Limited, Bharati Enterprises and Aditya Birla Group are among the large conglomerates that have applied for payment bank licenses while others include IIFL Holdings, SKS Microfinance, Airtel M Commerce and India Post.

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