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Banks to recruit 50,000 more staff

New Delhi, July 15 () : Banks owned by the Union Government will start recruitment procedure for over 50,000 officers and clerks in a month or two.

The Institute of Banking Personnel Selection (IBPS) Director Bhattacharya told a financial daily that the banks will intimate him the number of vacancies that will come up in the coming April 2014-March 2015 and by next month or latest by September, the recruitment process of tests and interviews will be notified. The list of selected candidates will be notified by March 2014. He revealed that in the current fiscal year, over 20 state-owned banks hired 53,000 officers and clerks through the Institute.

Finance Minister P Chidambaram had said that 50,000 vacancies were to be created for State-owned banks. Those who qualified in the tests this year and not got call letters have hope as the current test results will be out by March 2014 and the present list too will get included in it.

IBPS is accused of calling for vacancies that are lower than the notification by banks. Director denies this and says that the allotment under various categories is made to banks as per the eligibility and merit. He said in many cases the candidates do not have the minimum qualification specified by banks and hence the allotment list is less.

CMD of Bank of India revealed that the bank has about 4,500 personnel combined in the officer and clerical cadres in the ongoing year. Vijayalakshmi R. Iyer, who heads the the bank admitted that the process of sending out call letters to those who cleared the IBPS exams was delayed but it was going out in due course.

Iyer said that the vacancies were usually 30% more than the requirement because many after getting call letters dropped out or quit for more paying jobs. Some did not want to work in certain regions.

Chairman of the Bankers Quotient Academy functioning in Coimbatore said that the Khandewal committee which studied the staff requirement of public sector banks estimate that seven lakh people will have to be recruited by 2020 in view of the large scale retirement and opening of new branches in rural areas.