Wednesday 9 January 2013

bank job increasing in 2013

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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