Bank of India plans to hire about 4,500 personnel, both official and administrative cadres in the current year, said Vijayalakshmi R. Iyer, president and managing director of the bank.
Commenting on non-receipt of call letters by the thousands of applicants who had passed bench tests and interview, said that "there has been a slight delay in the process. They will be receiving letters in due time."
She said banks indicate that the Institute of Banking Personnel Selection (IBPS), which is entrusted with the task of selection, the number of agents they need. The question of sending the letter can only be called "a little aberration ... and I see no other reason for it."
Reports from many candidates who hold jobs bank only to quit in a short time, Vijayalakshmi Iyer said banks usually hire more staff over 30 percent of what is necessary to meet such contingencies.
It was possible that the candidates selected may not join a particular bank for any reason. But since they had gone through the entire selection process, it might not prefer a career in banking.
MV Nair, former CMD of Union Bank of India, according to a study published by the Khandelwal Committee, of which he was a member, showed that public sector banks only need about 700,000 new recruits for 2020 in view of the large number of bank staff retreat and the expansion of the sector is experiencing due to financial inclusion. And, staff training is therefore a mammoth task.
Nair, who is the president of the ratio of the Banking Academy, said he intended to work with "a number of banks" to train about 1,000 bankers initially while at the academy, which is close to the outskirts of Coimbatore.
He said the academy staff is trained Bank of India, Central Bank of India and Bank Corporation and is in talks with three banks. With regard to private sector banks, which said discussions were on with "two large private sector banks" to customize programs for them.
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