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Wealth management in retail banks

 

Jobs and Banks and slow down

Created by : Mohit Sethi, Account Manager, ABN Amro  | 11 24 2008 09:07:40 +0000
Industry : BankingFunctional Area : India(Markets)
Keywords : Jobs Banks Slowdown Down Slow
Activity:  314 views;  last activity : 10 20 2011 04:12:55 +0000
Will Banks really cut jobs or not?
  
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I think they would, after seeing the conditions of the banks due to the meltdown I think its necessary for them to cut down the jobs in order to maintain stability.
By Mohit Sethi, Account Manager, ABN Amro  | 11 24 2008 09:07:40 +0000
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It has definitely not shown in the market. The job opportunities continues. But yes if the economic slowdown continues then it definitely will affect the country's industries not just the banking sector. But as far as possible the banks should ensure that money flow is not harmed as it will only make it more difficult for the economy. But due diligence should be shown to the projects given the go-ahead.
By Shameena W., Admin Manager, Wizcraft Inc.  | 10 20 2011 04:13:08 +0000
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Banks are increasing their staff in order to serve the people better. I have a feeling that this upward trend continues.
By Suryanarayan Murthy, Asst Vice President (Corporate Finance), A Hydro Power Project  | 10 19 2011 04:22:58 +0000
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One more thing is that at present many banks are thinking of expanding their branches. One example that I could give is of Citibank who is planning to expand their offices for about 2000 in number by the enf of this fiscal year and I suppose for that they would require people and that would automatically create jobs for people.
By Omkar Bapat, Client Servicing/Key Account Manager, HDFC Bank  | 11 24 2008 09:15:58 +0000
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I am sorry to say this but I think my friend did not think rationally he said it after looking only one aspect of it because what I think is right now is the correct time for banks to heir more sales force and increase stability in the market and gain people's confidence.
By Ganesan S, Client Servicing/Key Account Manager, Citibank  | 11 24 2008 09:11:28 +0000
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