Here I show you the comparison of the condition of banks in two different country. The largest banks of US have been acquired or filed for bankruptcy protection. Lets discuss about the some largest banks of US, Merrill Lynch & Countrywide Financial acquisition by Bank of America, the Bear Stearns acquisition by JPMorgan Chase, IndyMac Bank also has failed and the investment bank Lehman Brothers has filed for bankruptcy protection. In US only around 25 banks have been bankrupted due to recession, I will make it clear in my next post.
So lets talk about the Indian banks, Whereas the Indian banks has announced to hire around 50 thousands people for the various section.
Largest Indian Insurance sector, Life Insurance Corporation [LIC], managing director AK Das has declared that- LIC is going to hire more than 10k people till march 2009, we have 5000 vacancies for marketing and rest 5000 for administrative work positions.
India’s largest bank the “State Bank of India” has declared to hire 25000 professionals in this financial year-09. so the 20000 professionals will be recruited for clerical jobs & another 5000 jobs for the supervisor staff. SBI is also recruiting more than 1,300 customer relationship executives on contractual basis .
K.C. Chakravarti, chairman & managing director of Punjab national bank told – they need 2000 new recruitment in next four months for treasury, credit, corporate communication & also in marking field.
Bank of India will hire around 1,737 people this fiscal itself to man its expanding network. This include 500 officers, 500 clerical staff and 237 specialist officers in the next three to four months.
Union Bank has plans to recruit 5,000 people in the next five months for its new branches, its chairman M V Nair said, adding that the lender has plans to hire around 4,000 officers and 1,000 clerical staff this fiscal.
Bank of Baroda has planned to enhance its staff-strength by recruiting the addition of 1,950 people including 1,000 clerical staff till this march.
