Over the 3 year period till Mar, ’21, PSU banks have shown a net reduction of total employees headcount by almost 37k. In the same period, there was a net addition of 1.97 lacs in non-PSU banks (mainly private sector banks & small finance banks). These are figures for employee headcount and hence gross hirings will be higher. For instance, PSU banks have done hiring but because retirement or other resignations have been higher, the net numbers have reduced. Similarly, the gross hirings in private sector banks must have been much higher to account for the higher attrition in these banks. (Data source: RBI)
