Millennium Post

PSU banks to hire 63,200 this fiscal

Public sector banks will hire 63,200 persons in the current financial year, FM P Chidambaram said on Thursday. SBI will alone recruit 20,000 clerical staff and 1,200 officer level employees. Besides, other public sector banks will hire 22,000 officers and 20,000 clerical staff in this fiscal. There were 84,489 vacancies at various levels in the state-owned banks at the end of the last financial year.

He said he has asked RBI to finalise guidelines for new bank licences and start accepting applications for the same pending passage of the Banking Laws (Amendment) Bill. ‘...we have written to the RBI recently urging them to proceed to finalise the guidelines and proceed to receive applications for new banking licences in anticipation of the amendment in the banking regulation act,’ he told reporters after reviewing PSU banks’ performance.

As per the RBI’s draft norms released in August 2011, private sector entities or groups owned and controlled by Indian promoters, with diversified ownership, sound credentials and integrity, and having successful track record of at least 10 years, would be eligible to promote banks. 
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