Banking Briefs: Some food for thought.....
• Employees at graduate level, in some Pvt. Sector banks, is almost 50 % of total staff strength
• In Public Sector banks, which have approx. 75% of employees of the banking industry, the average age of
manpower is approx. 50 years
• In the new Pvt. Sector banks, average age is below 30 years. Some Banks have more than 70% of their staff
strength under the age of 30 years
• Banks continue its growth path, with the current deposits growth rate year on year @14%
• Branch expansion as an industry on a whole is being taken on aggressively
• In 2008, it was estimated that the banking sector in India would require additional 250000 employees by 2018. Between 2008 & 2012, almost one lakh additional employees have joined the banking sector
• Pvt. Sector Banks added 26000 employees in the FY 2011-12, i.e., 14% additional manpower. In the same period, Public Sector Banks added 16000 employees
• Demand for trained graduates is high in private sector banks
• Scope for career growth in Banking remains high