Need for right talent with appropriate skills is soon going to become a necessity for most public sector banks who are soon going to recruit huge amount of workforce in the near future. A serious concern on talent acquisition, retention as well as lateral hiring has been placed by deputy governor of Reserve Bank of India, Mr K C Chakraborty.

Chakraborty said that currently 75% of the total recruitment in banking is done by public sector banks and in the coming 5-7 years, the recruitment size is going to grow big.

"The cozy banking environment is not going to continue for a long time. Acquiring talent would be important. If you don't do that, you would be out of the competition," he said.

He said that since financial inclusion has been placed as concern of prime importance for banks, so hiring only from campuses would not be a solution.

"Going forward, banking correspondents would be the driving force of the bank's business, and we need people who would be willing to work at the ground level," he said.