Boom in banks job
It is said that if you get the job in
banks that there is no need to worry about your future. But in today's context nobody
is getting job in-spite of degree in finance. With the Reserve Bank of India
gearing up to finalize the guidelines for issuing banking licenses to new
entities, analysts and headhunters said the move could open up prospects of
direct and indirect employment for about 50,000 people over the next couple of
years. There is a catch.
The recruitment drive is expected to gain solid momentum only if new banks
decide to focus on retail business and not remain confined to corporate
banking. Business to-business work involves fewer people doing larger deals. “With new banks coming in, there will be expansion of
branch network and there would be a big recruitment drive in case the new
banking entities decide to focus on retail,” said Dev Bharat, director at recruitment
firm Executive Access India. Several business houses including the
Aditya Birla Group, the Tatas and Anil Ambani-led Reliance Group have evinced
interest in entering the banking space. Nonbanking financial companies (NBFCs)
can now convert themselves into full-fledged banks. Existing banks
including Axis Bank and Yes Bank have also firmed up plans to expand their
retail networks and increase headcount. Yes Bank, which currently has a staff
strength of 6,400, is planning to double its headcount in the next two years.
“We have 6,400 employees at present but our plan is to go in for major retail
expansion,” said Rana Kapoor, managing director, Yes Bank. “We are looking to
have 12,750 people by 2015.”
These entire things will make a good bounce in commerce as
well as financial field. The hope of getting job for commerce graduate is more
because of the expansion of several banks branches.
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