Job seekers in the banking sector would have something to cheer about as public sector lenders are going to recruit around 85,000 people in the next three years to meet the manpower shortage.
"The PSBs have a tentative plan of recruitment of around 34,000 officers and 51,000 clerks during the next three years for 2010-13," the government said in a background paper for Economic Editors' Conference prepared by Finance Ministry.
The system of recruitment through Institute of banking personnel selection (IBPS) will be transparent, speedier and cost effective, it said.
The government also informed that it has been decided to entrust IBPS the responsibility to conduct the common recruitment examination for PSBs.
The IBPS, established in 1984, is an autonomous body engaged in recruitment of personnel and internal promotion in banks and financial institutions.
During the year 2009-10, IBPS conducted test for around 60 lakh candidates at 125 centres across the country for recruitment in PSBs.
The Indian Banks' Association (IBA) had recommended to the government that a common recruitment programme in public sector banks should be conducted by the IBPS.
In order to professionalise the human resources of the state-run banks and align them with the new and ever changing requirements of the banking industry, the government had constituted a committee under the chairmanship of A K Khandelwal, former Chairman, Bank of Baroda.
The Committee presented its report to the government on June 30 this year, making a number of recommendations on the HR issues.