Public Sector Banks are consistently top employment generator in India for past 6 years. Almost 25% of all government jobs are being provided by banking sector at large. In the last two years, 68,000 to 70,000 vacancies have been filled up in PSBs, including in SBI. About 1.3 million people are employed by public and private sector banks.Recently many of the Public Sector bank’s didn’t opt for any of the vacancies in IBPS PO or Clerical recruitment exam 2017.
The probationary officer/management trainee recruitment for vacancies to be filled in 2018-19 by Institute of Banking Personnel Selection (IBPS), which is a common recruiting agency for officers in the 20 participating banks shows that there are almost seven banks who have not provided any vacancies.
The number of candidates who registered for the common written examination for officer cadre posts in PSBs conducted by the IBPS in 2016-17 went up by about 20 per cent at 19.67 lakh, from 15.76 lakh in the previous year. Similarly, for clerical jobs, 20.81 lakh persons registered as against 19.26 lakh in the previous year.
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, Indian Overseas Bank, Syndicate Bank, Indian Bank, IDBI Bank, UCO Bank and Vijaya Bank.
It is believe that in Public Sector Banks, next two years could see up to a 50 per cent fall in fresh recruitment as banks will undertake reconciliation of headcount and rationalization of branches.
There are many reason for non participation of these banks in IBPS common recruitment exams. Experts believe that it is proposed consolidation of public sector banks (PSBs) which cause few banks to put their fresh hiring plans on hold. There are many other reason other than this are also placed on card as big players like Bank of Baroda, Bank of India, Punjab National Banks etc also didn’t participated in the recruitment process.
There could be many reason for this, mainly :
- The main reason is Consolidation of Public Sector Banks, as Cabinet cleared a proposal for consolidation of PSBs.
- Bank’s after taking a lesson from SBI consolidation and problem of excessive staff with closure of many of the branches of merged banks are more conscious. There are 7,000 branches that are being closed after SBI’s consolidation. Their consolidation hit recruitment of clerks and officers.
- Many of these banks started taking officers through their Own PGDMB courses, where they train the candidates as per their requirement.
- In take through IBPS are not as per the requirement by Banks as they need much more training before being posted in the branches.
The main reason is not clear but the decrease in number of vacancies by Public Sector Banks will surely hit the employ-ability of the country.