Consolidation to hit hiring in public sector banks

Recruitment for bank jobs will be hit badly due to the proposed consolidation of public sector banks (PSBs), and a few banks have already put their fresh hiring plans on hold. Last week, the Cabinet cleared a proposal for consolidation of PSBs the complete details of which are yet to be spelt out clearly.

The probationary officer/management trainee recruitment for vacancies to be filled in 2018-19 has already been impacted going by the data of the Institute of Banking Personnel Selection (IBPS), which is a common recruiting agency for officers in the 20 participating banks. 

In the recruitment to be conducted this year, seven banks have indicated zero hiring. Four others have not reported any intention to recruit yet. These include Punjab National Bank, Oriental Bank of Commerce, Punjab and Sind Bank, United Bank of India, India

n Overseas Bank, Syndicate Bank, Indian Bank, IDBI Bank, UCO Bank and Vijaya Bank.

For more details please click on the following link: Consolidation to hit hiring in public sector banks

Source: Business Line