Public sector lenders who are part of the recruitment scheme via Common Written Exam (CWE) have started calling up the candidate for further recruitment process. The score cards have already been dispatched to the selected candidates and it is on the basis that banks will call for applications.

Banks will declare a minimum cut-off score based on which candidates will be considered for evaluation. Syndicate Bank has set its cut-off score at 138 marks while Corporation Bank at 151 marks out of a total of 250 marks.

There are around 4,500 vacancies on which the banks will recruit the candidates. The banks are facing severe workforce scarcity and above all there are a lot of officers in the banks which are set to retire in next few years.

An official at Indian Banks Association said, "On an average, about 50 per cent of officers above AGM level are set to retire in 3-5 years in the banking sector, which calls for recruitment in a phased manner."