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Will banks employ this year?

Created by : Swati Raut, Product Manager, Aviva  | 09 27 2008 18:42:07 +0000
Industry : BankingFunctional Area : Organizational Development(People Management)
Keywords : INDIA Banks Recruitment Year Employ
Activity:  362 views;  last activity : 07 06 2010 20:18:09 +0000
This is the recruitment season in India. Do you think that with news like HSBC cutting 1100 jobs etc, making it simpler for recruitment agencies and will banks recruit the way they used to do in the past.
  
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It could be stated for sure that banks will not recruit in the way they used to do as in the past. If there is some recruitment then it will only happen for some key posts and that too from the industry and not from the b-schools.
By Swati Raut, Product Manager, Aviva  09 27 2008 18:42:07 +0000
References :
HSBC cutting 1100 global banking and market jobs | ReutersSep 26, 2008 ... HONG KONG (Reuters) - HSBC Holdings <0005.HK>, Europe's biggest bank, said on Friday it was cutting 1100 jobs in its global banking and ...feeds.reuters.com
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The only way for banks to get out of this situation is to give newer services to its customers and if they want to develop and sell these services they need people, so whatever may happen banks will recruit even this year. The decease if any, would be very negligible.
By Dheeraj Singh, Product Manager, Citibank  | 09 27 2008 18:44:42 +0000
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I think banks may not recruit many as before, they may recruit some  if there is a real need to fill up vacancies left by anybody resigning.
By Ganta Achuthan Sripathy, Proprietor, Sripathy Consultancy Services  | 01 06 2009 17:22:22 +0000
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No doubt Indian Private/Govt Banks are better protected as compared to their foreign peers Operating in India, thanks in part to RBI policies and part to protected environment in which they operate. However, fallen US biggies have been major source of funds in sevaral ways to our economy/banks. Secondly, raising interest rates and lower liquidity will impact balance sheets of most banks and asset portfolios are expected to exhibit some strain. So limited recruitment in some key positions is going to be the way forward. Banks will try to avoid recruitment and internal movements will be the order of the day.

 
By chandrashekhar deshpande, Director Business Development, Capitalmates Consulting  | 09 28 2008 15:04:56 +0000
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