Non-banking companies may hire 70,000 bank job aspirants

About 70,000 candidates shortlisted by the country's banking selection institute but still waiting for bank jobs may be absorbed by non-banking entities, which are planning to tap this ready pool of job seekers to avoid a lengthy and costly process of hiring.

The Institute of Banking Personnel Selection, or IBPS, has prepared merit lists of 1,25,000 candidates based on written test and an interview. The top 55,000, from different categories, are being enrolled into government banks.

State Bank of India was not a part of this process as it held separate job exams. The non-banking jobs may appeal to the remaining 70,000, IBPS officials say. An IBPS official said state undertakings in Rajasthan, Maharashtra and Bihar are in touch with the board to hire from the pool of waiting candidates. Small Industries Development Bank of India said it, too, would look into this list whenever necessary.

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Courtesy : Economic Times