In India, banking is widely spreading beyond its urban areas and small banks are offering something more durable than just loan funds to the remote areas. Small banking finance business such as AU, Utkarsh, Suryoday, ESAF, and Ujjivan are leading names that now set to hire about 4000-5000 people in small urban towns by the end of this March. While hiring has been a continuous process in newly set up small financing banks, now the process is quickening as all these businesses are in the final stage of opening branches with their initial plans. Sabyasachi Chakraverty, business head, banking & financial services, at TeamLease, said that larger branches are leading to more job opportunities and relocation opportunities giving a chance to the people to move to their hometowns.
AU small finance bank announced that it is planning to hire about 1500 people in the coming three months, while Ujjivan is to add about 600 people. It is expected that Suryoday would hire about 200-250 people and ESAF would hire 500 people. Apart from these other small banks are also expanding their networks. The managing director of Ujjivan Small Finance Bank said, “we are hiring mostly for our expanding business branches and SME lending business.” In the last nine months, the bank has hired 5,729 people to take current staff strength to 14,304. The enlargement process at these small banks into different sectors like two-wheeler financing, SME financing, and affordable homes requires a new talent team.
The HR head of AU Small Finance Bank Manoj Tibrewal said that the bank would hire 500 persons every month between January and March to add to the current strength of 13,000 people. K Paul Thomas, managing director of ESAF Small Finance Bank stated that this hiring is just a preparation for next year as this is the season for campus placements. As a group, small finance banks have total loans outstanding of Rs 24,972 crore with a share of 17% in the Country’s Rs 1,46,741 crore microfinance portfolio as on September 2018. Both the fresh graduates and experienced bankers can apply for the hiring process in these banks. According to the TeamLease opinion, the jobs on offer include those in analytics, operational risk, investor relations, and branch management.