Public Sector Banks Face Shortage of 56,000 Employees

Vacant of post of clerks in Punjab National Bank is about 2,200 while in case of Bank of India it is 1,468.

At sub-staff level, sources said there are 9,881 vacant posts.

In the current fiscal, public sector banks are going to hire 50,000 employees.

"This year, public sector banks are expected to add 10,000 branches of which 2,000 are to be by Regional Rural Banks. Correspondingly, there will be recruitment. In fact, all the banks put together are expected to recruit some 50,000 persons in the current year," Finance Minister P Chidambaram had said after meeting heads of PSU banks in June.

In 2012-13, public sector banks hired around 63,000 persons. India's largest bank State Bank of India (SBI) alone recruited 20,000 clerical staff and 1,200 officer-level employees. Other PSU banks hired 22,000 officers and 20,000 clerical staff.

Seeking to improve manpower management in the public sector banks, the Finance Ministry had recently said that 19 nationalized banks should have a total number of 442 GMs to oversee banking operations.

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Source: PTI