Banking sector top job provider in first quarter: Assocham

29 June 2009
Panaji:

New Delhi: The banking sector, which hired 16,200 people in the first quarter this fiscal, remained the biggest job provider in the country during the period, an industry lobby survey said.

The country's largest lender, State Bank of India, alone created 13,000 jobs, while Danalakshmi Bank and Andhra Bank recruited 1,300 and 900 people respectively, the survey by the Associated Chambers of Commerce and Industry (Assocham) said.

Yes Bank hired 1,000 people during the period

Overall, the banking sector's share at fresh job announcements stood at 42 percent, the survey said.

The IT/IT enabled services (ITeS) sector was the second-highest employment generator, creating 12,200 jobs during the April-June quarter, Assocham said.

Wipro Technologies, which announced to hire an additional 8,000 people by 2010, is the top job generator among IT/ITes firms.

It was followed by Internet products firm Directi, which plans to raise its headcount to 2,000 from 500 now in two years.

"Global demand for tech-services is propelling banking and IT/ITeS to emerge as the top employer, carving out a share of nearly 74 percent in total hiring plans during first quarter of financial year 2009-10," Assocham said.

Telecom sector with 5,460 job announcements stood at the third position.

Other sectors that announced major hiring plans are: pharma (1,300 jobs), steel (600 jobs), aviation (500 jobs) and consumer durables (200 jobs).

Source : The Economic Times, Dated 30th June 2009.