Banking

There are 12 PSU banks in India, As per financial express PSU banks will create more than 4 lacs vacancies by 2026. Out of 8 Lacs existing staff more than 1 Lacs plus employees are going to retire in next 2 years, which need to replace. This is the huge scope for young graduates to get lucrative jobs in PSU banks. Earlier officers were recruited only in Junior Management Grade. Now public sector banks are offering direct employment in middle and senior management cadres as well. Thus for both fresher's and experienced people career opportunities are available in public sector banks. To meet their manpower requirements these banks are presently recruiting in large numbers both in clerical and officer cadre.

Compensation in these banks with the recent wage revision and including perquisites is quite good and there is an element of job security too. The housing and medical facilities are also considered attractive. The expansion mode in which public sector banks in India are, is creating large number of opportunities for young people to choose banking as their career.

Recruitment of PSU banks is handle by Institute of Banking Personnel selection (IBPS). There are minimum 12 plus exams per annum for any fresh graduate to get jobs in govt banks. Start salary for Assistant level jobs is 40,000 to 50,000 per month where as for Probationary Officer (PO) its 1,00,000 to 1,65,000 & for SO it is 1,20,000 plus per month.