About five lakh bank jobs will be up for grabs in the next five to six years in the country due to superannuation of 50 to 60 per cent of the workforce in the public sector banking industry, said State Bank of Hyderabad’s Deputy General Manager K.G. Venkatesh Reddy.
He was delivering The Hindu Business Line talk to the students from the Department of Commerce and Business Management, P B Siddhartha Arts and Science College, here on Monday. He said the banking operation has undergone a sea change in the last one decade. “Banking industry has become more technology oriented and today, the Indian banking sector is among the top 10 businesses in the world,” he said.
He also said technological advancement will create more opportunities for young minds in the future and it was time that the students gear up to take up the challenge.
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Giving tips to students he said, the three essential qualities for getting an entry into the industry were — basic knowledge of accountancy, behaviour and marketing skills.
Today, banking is no longer a sector that deals with just advances and deposits. It has become a super market for financial products with a global presence, and that not only requires specialised skill sets but also the right attitude and aptitude, he said.
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For the banking sector also it is a challenging phase, as manpower planning will become more competency-based and skill oriented to address impending skill gaps, said Mr. Venkatesh Reddy.
Giving a brief outline of the recruitment model, he said it was based on written test and interview.
“There are two entry levels - clerical and probationary officers - and both will have papers such as reasoning, quantitative aptitude, English, general knowledge and computer knowledge,” he said.
Head of the Department of BBM K.V.R. Deekshitulu, and Prof. Rajesh Jampala spoke. Senior Regional Manager of The Hindu V.V. Raja Rao was present.