Public sector banks faces shortage of 56,000 employees

Public sector banks faces shortage of 56,000 employees

Public sector banks face a shortage of 56,022 personnel across various cadres and the lenders are at different stages of filling these posts, official sources said.

In the officer category, 25 public sector banks have 23,794 vacancies as of March, 2013. Of this, 5,815 officer level posts are in Bank of Baroda (BoB) only, sources said.

Syndicate Bank has 1,500 vacancies of officer level posts. Andhra Bank is facing a shortage of 1,484 officers. The number for the same in Bank of India is 1,473. Allahabad Bank needs to hire 1,450 officers, Punjab & Sind Bank 1,454 and Punjab National Bank 1,119.

With regard to vacancies in the clerical cadre, sources said that as many as 22,347 posts are vacant in various banks including five associate banks of State Bank of India (SBI).

Bank of Baroda tops the list with as many as 3,615 vacancies. It is followed by Allahabad Bank with 2,627 vacancies, while State Bank of Tranvancore has 2,500 vacant positions at the end of 2012-13.

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 nationalised banks should have a total number of 442 GMs to oversee banking operations.