80,000 jobs up for grabs in PSU banks in next two years

COME 2017 and it will be raining jobs for the youngsters keen to work in the country’s leading public sector banks. Around 80,000 vacancies are expected to be up for grabs at top public sector banks in the country, including State Bank of India. This is because a large number of officers and staff will retire over the next two years.
As many as 78,800 employees...
will retire during current fiscal and the next, a news agency quoting official sources said.
During the current financial year, 39,756 employees will superannuate including 19,065 officers and 14,669 clerks. Also 6,022 sub-staff would also get superannuated this fiscal year.
About 39,000 employees would be retiring next fiscal including 18,506 officers and 14,458 clerks from various public sector banks.
There are 22 state-owned banks in India including SBI, IDBI Bank and Bharatiya Mahila Bank. Besides, there are five associate banks of SBI.
Keeping in view the vast vacancy in the mid-level position, the government is planning to provide some flexibility in the recruitment.
The finance ministry is going to provide flexibility with regard to recruitment at the middle level. Currently, they can hire on contractual basis.
The PSU banks hire staff to fill vacancies on ongoing basis as per their requirements depending upon business volume, business growth employee strength and retirement among others.
The banks are open to the idea of campus recruitment like their private sector players. Recently, finance minister Arun Jaitley had said banks are extremely keen in campus recruitments, but there are legal difficulties. "The banks are extremely keen to do that (campus hiring) ...there is now judgement of the Supreme Court which is not giving adequate flexibility to government banks how to do it and that is handicapped which the banks have flagged. We are examining the legal position. But as of today there is a legal impediments in that."