On Wednesday, Business Standard reported that the Union Finance Ministry had asked the heads of public sector banks (PSBs) for a plan to improve employee count. A week ago, BusinessLine had reported that vacancies announced for clerical posts had significantly decreased this year. The report also showed a declining interest in bank jobs, with increasingly fewer candidates registering for the recruitment/selection programmes. Earlier this year, on March 28-29, the All India Bank Employees’ Association carried out a strike insisting that the recruitment of workers be increased, among other demands.
The strike and the recent news reports together show that the problem of declining manpower has reached an inflection point. In fact, the cutback on hirings is more pronounced among clerks and sub-staff, while the number of officers has remained constant. This trend was observed in both PSBs and private sector banks (PVBs). However, it is worth noting that the number of officers in PVBs is three times higher than in the PSBs.
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