Public Banks will recruit more: Govt

Hello and welcome to exampundit. Happy New Year to all of you. We have some special news for all of you.

Public Sector Banks will recruit more in 2019-2020 and so on. This has been confirmed by the Government.

The news on Banking Recruitments states,

The Standing Committee on Finance has observed there has been “strangely a discernible” fall in the number of candidates registering for clerical, probationary officer and specialist officer positions at PSBs as per data available from the Institute of Banking Personnel Selection (IBPS).

“The committee believes that while banks reducing their recruitment could be a factor, undue stress and work pressure from long hours and difficult working conditions without commensurate compensation/incentive package may be discouraging prospective candidates,” said the report tabled in Parliament last week.

The panel headed by veteran Congress leader M Veerappa Moily has expressed apprehension that there could be “sudden vacuum” because of large number of retirements in the near future in state-owned banks at various levels.

“The committee desires that proper manpower planning and human resource development strategies should be put in place in PSBs, so that the staff/officers groomed into the system, remain motivated and a sudden vacuum is not created at the junior/middle levels due to manpower shortage,” it said.

You can check the official news from The Hindubusinessline and New Indian Express from below:

Fast-track hiring to overcome manpower shortage due to retirements: House panel to PSBs – The Hindu Businessline

Fast-track hiring to overcome manpower shortage due to retirements: Parliament panel to Public Sector Banks – New Indian Express

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