You Can Bank On It

In a year from now, at least 200 top bankers will get new business cards printed, and pocket an exponential rise in their take-home salaries. Mint Road would, at the minimum, have issued four new private banking licences; making it the single largest driver of hiring in the sector in a while. And, as money makes the mare go, it may not be much of a task to get folks in. You will see more of the same in state-run banks, but for an entirely different set of reasons. Of the 1.3 million employed by the banking sector, nearly 900,000 work for state-run banks. “They (state-run banks) will face a major talent pipeline challenge with over 80 per cent of the senior management set to retire in the next five years. There will be a shortage of skilled managers to replace middle management personnel who will be moving into these senior management roles,”................

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