Public sector lenders are going to be in a rush for recruitment for the next 4-5 years to come. The rising need for recruitment has been triggered by the corresponding rise in superannuation figures coupled by increased expansion plans of banks.

The PSBs aim to recruit as many as 7 lakh clerks and officers in this period of time.

According to CMD of public sector lender, Allahabad Bank, Mr J P Dua, the rate of retirements as well as expansion taking place in PSBs is around 20% per annum leading to the need of hiring.

Mr Dua added that in rural areas, the void in terms of staff shortage is already being experienced by lenders.

For the clerical post, the minimum eligibility criterion for the candidate happens to be intermediate. Presently clerical jobs consist of around 70% of the total employees in the 27 PSBs.