How many jobs were created in 2015 and plans for 2016?!!

Indian banks have emerged as one of the leading job creators compared to other sectors. Banking jobs are among the most sought out jobs by most graduate in the country. With the major share of posts being filled up by public sector banks,

The Banking sector in India has always been one of the most preferred avenues of employment. In the current decade, this has emerged as a resurgent sector in the Indian economy. Today, banks have diversified their activities and are getting into new products and services.

For the past couple of years government banks have been recruiting aggressively mainly to compensate for the large number of retirements happening in middle/ senior cadre.

This trend continued in the year 2015 and approximately 55,000 vacancies were being created across various positions.

Institute of Banking personnel selection (IBPS) is the organization that takes care of recruitment activities for 22 public sector banks across India (does not include SBI and associates banks)

A separate selection process is conducted for posts of :

Ø Clerk

Ø Probationary officers (PO)

Ø Specialist officers (SO)

Recruitment in 2015

No. of Vacancies

IBPS Clerk-33640

IBPS Probationary officer-16729

IBPS-Specialist officer -3931

Total No. posts-54,292

With the government agreeing to increase the salary of bank employees by 15%, more graduates are opting for these secured careers pushing up the registrations.

The number of jobs in 2016 will almost similar to that of 2015 with about 20,000 officers and 35000 clerks. Apart from these government banks, many other private banks also conduct recruitment for which you do not need IBPS scores.

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