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The Institute of Banking Personnel Selection (IBPS), which conducts recruitment examination on behalf of public sector banks, says the number of applications received has been a whopping 1 crore a year for the last two years. The number of posts was 50,000 on an average a year. The break-up, sources associated with the recruitment process say, is 20,000 officers and 30,000 clerical cadre posts.

Canara Bank recruitment this fiscal, was likely to exceed last year’s 7,800. State Bank of India was planning an online exam around June for selecting 1,897 probationary officers.

IBPS PO Results 2014:

A key reason for the massive recruitment in the banking sector is the growing emphasis on financial inclusion  spreading to unbanked areas. With many employees who joined in 1970s retiring, more posts are falling vacant.

Attributed the popularity of bank jobs to the reasonable salaries, job security, improved status in society and the opportunity to serve customers. Recruitment by public sector banks was 50,000 for the past two years. The same pattern would continue for three more years, he added.

In terms of applications, there seems to be more from Bihar and States where job opportunities were relatively less compared with States where employment was available in manufacturing and services sectors. On the level of competition, the senior banker said the date of birth was the decider when hundreds of candidates were tied at the same score. Seniority in age gets them the job. 

Written by:Srinivas Reddy
Look Results Updated at: 11:50 AM