Public sector banks to hire 20,000

Public sector banks (PSBs) are expected to hire 20,000 in 2008-09.In 2007-08, the PSBs had hired over 15,000.

Hiring is expected to go up in 2008-09 due to increase in business opportunities in retail banking, marketing and expansion in rural banking.

The hiring is getting broad-based bringing in specialists along with generalists. For instance, Indian Bank and IDBI are currently looking for specialist officers such as Chartered Accountants, computer, law, industrial development officers, treasury, corporate and SME experts.