Hiring in banking sector is expected to go up to 25% this year

Banking sector likely to witness up to 25% increase in hiring this year. Hiring will be across levels, with more action happening at the entry and middle management levels. With new players entering the market, new opportunities would be created for the senior level as well.

Hiring is expected across the board in investment banking, corporate and private banking and NBFCs. There is also a rise in demand in skill sets within remittances and cash management as well as a need for product specialists. This increase in hiring will result in 15-25% hike in increments.

The maximum number of jobs will include the bottom of the pyramid, but existing banking and financial professionals will get recruited by the new players.

Due to a growing economy, stable government, improved business sentiments banking sector is expected to grow 30-40% and this is good news for fresh graduates & bank employees looking for better options.

RBI may not allow alternate saturday holiday to banks Click here
Govt starts selection of non-executive chairmen for public sector banks Click here
Bankers get 15% salary hike & two alternate saturdays Off Click here
Four PSU Banks get new MD & CEO. Government split post of CMD Click here
New Selection process for CMDs of Public Sector Banks Click here