Jobs bonanza: SBI, BoB, other PSBs to soon hire 100,000, offer fancy pays


Looking for a career in the banking sector? In a bid to accelerate their digital transformation and adoption of new-age banking practices, public sector banks (PSBs) are looking to hire as many as 100,000 people by 2019. PSBs like Bank of Baroda, Canara Bank, State Bank of India (SBI) and Syndicate Banks are in the process of doubling their hiring plans, ET reported.

Even as the PSBs struggle with the weight of non-performing assets, they are hunting for new-age talent for an image makeover. Traditionally, these banks mainly hire personnel at positions like the clerk, management trainees and probationary officers.

However, with the state-owned banks turning competitive, they are now tapping talents across the hierarchy with specialised functions such as wealth management, analytics, strategy, digital and customer services.


The new-age talent will be alotted designations like chief ethics officer, chief marketing officer, chief investment officer, chief learning officer, head of analytics and digital marketing campaigner. Recruits will be offered a fancy salary package, which could go as high as Rs 5 million a year. Read More


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