Financial services to add 47,800 new jobs in H1

Mumbai: The financial services sector is likely to add 47,800 new jobs in the first half of this financial year following increasing focus on lending by banks and NBFC's, according to a survey.

"Despite the setbacks seen in NBFCs, the financial services sector has shown a positive outlook in terms of hiring. An important factor that has helped this sector grow is the penetration into the rural markets. The expansion will result in a surge of job opportunities in the tier-II and III cities," TeamLease Services head of BFSI and government vertical Amit Vadera said.

Tier II cities are projected to witness 5 per cent growth in hiring sentiment during April-September followed by tier III towns and rural areas at 2 per cent each and financial services will play an active role in bolstering this, Vadera said quoting the company's 'Employment Outlook' report for April-September.

The survey was done across 19 sectors and 14 geographies among 775 enterprises in India and 85 businesses across the globe to evaluate employment outlook trends. According to the survey Delhi topped the list for cities with 5,420 new jobs, closely followed by Mumbai.