Recently it has been reported that banks will now seek to hire IITs and IIMs. The bank will now recruit the students from the reputed institutes like he Indian Institute of Technology and Indian Institute of Management. It was also stated that through the robust process of hiring the bank will select the talented and eligible students from the top institutions.
However, the question is will students be interested if public sector banks come knocking given that the pay scales offered by these banks are lower than what is offered to the students graduating out of these institutions. However, public sector bankers argue that by keeping them from recruiting from IITs and IIMs places them at a disadvantage compared to private sector peers and foreign banks.