Here is very good news for all those job seekers who are aspiring to get a job in PSU Banks. Around 80,000 vacancies are expected to open at top public sector banks in future in different Govt. and PSU banks including State Bank of India (SBI), as a large number of officers and staff will take their retirement in next two years, so all those vacancies will be filled up by the eligible candidates. So guys get ready and start your preparation to get your dream job.

“As many as 78,800 employees will retire during the current fiscal and next fiscal. During the current financial year 2015-16, nearly 39,756 employees are retiring. This includes 19,065 officers and 14,669 clerks,” official sources said. Besides, 6,022 sub-staff would also get superannuated this fiscal year. About 39,000 employees would be retiring in next financial year 2016-17. Of this, 18,506 officers and 14,458 clerks would retire from their service from various public sector banks, the sources said.

As per information there are currently 22 state-owned banks in India including SBI, IDBI bank and Bharatiya Mahila Bank, besides there are 5 associate banks of SBI. Considering vast vacancy in the middle-level position, the government is planning to recruit employees on contract basis and it is also looking for campus recruitment, but there are legal difficulties.

“The banks are extremely keen to do campus hiring, there is now judgment of the Supreme Court which is not giving adequate flexibility to government banks how to do it and that is handicapped which the banks have flagged. We are examining the legal position. But as of today there is a legal impediments in that,” Finance Minister Arun Jaitley had said.

Recently SBI chairperson Arundhathi Bhattacharya has announced that, 8,674 employees of SBI are taking their retirement this year, so they have decided to recruit 2000 eligible candidates for probation officer position by this March.

Public sector banks undertake recruitment of staff to fill vacancies on ongoing basis as per their requirements depending upon business volume, business growth employee strength and retirement among others.

Hence, in next two financial years, government is likely to hire large number of candidates for various vacancies in banking sector.