<p>India is close to fulfilling its long-awaited commitment of opening more banks in order to achieve financial inclusion. With this, the job opportunities in banking sector are set to rise. <br /><br /></p>.<p>The Reserve Bank of India (RBI) has started the process of finalising the guidelines for new banks after the banking bill was passed in Rajya Sabha last month.<br /><br />The RBI had already issued draft guidelines in this regard and had assured the government that it would initiate the process of issuing new bank licences once the banking law amendment bill is passed by Parliament.<br /><br />Public sector banks (PSBs), which were going slow in their recruitment drive, have once again picked up, after the government’s financial inclusion programmes have gained momentum. There are an estimated 85,000 vacancies in various PSU banks across the country and the government is keen on filling these in this fiscal year itself. The State Bank of India (SBI) alone is expected to recruit nearly 20,000 staff and over 1,200 officers in this fiscal year alone. Other PSBs would also be recruiting 22,000 officer-level employees and 20,000 clerical-level employees.<br /><br />Analysts are of the view that with the opening of new banks, at least 50,000 people can get jobs in India. But they also opine that more job opportunities can be created only if retail banking is given preference over corporate houses coming into the lending business.<br /><br />After the recent reform moves by the government, market research organisations have also expressed optimism about growing business opportunities in India.</p>
<p>India is close to fulfilling its long-awaited commitment of opening more banks in order to achieve financial inclusion. With this, the job opportunities in banking sector are set to rise. <br /><br /></p>.<p>The Reserve Bank of India (RBI) has started the process of finalising the guidelines for new banks after the banking bill was passed in Rajya Sabha last month.<br /><br />The RBI had already issued draft guidelines in this regard and had assured the government that it would initiate the process of issuing new bank licences once the banking law amendment bill is passed by Parliament.<br /><br />Public sector banks (PSBs), which were going slow in their recruitment drive, have once again picked up, after the government’s financial inclusion programmes have gained momentum. There are an estimated 85,000 vacancies in various PSU banks across the country and the government is keen on filling these in this fiscal year itself. The State Bank of India (SBI) alone is expected to recruit nearly 20,000 staff and over 1,200 officers in this fiscal year alone. Other PSBs would also be recruiting 22,000 officer-level employees and 20,000 clerical-level employees.<br /><br />Analysts are of the view that with the opening of new banks, at least 50,000 people can get jobs in India. But they also opine that more job opportunities can be created only if retail banking is given preference over corporate houses coming into the lending business.<br /><br />After the recent reform moves by the government, market research organisations have also expressed optimism about growing business opportunities in India.</p>
