Kotak Mahindra and Axis Bank, are gearing to recruit at least 2000 fresh graduates each. They are seeking candidates with tech and design skills.
It is the usual practice for Kotak Mahindra to hire about 2500 freshers every year, of which 60 per cent are assigned frontline acquisition roles, 20 per cent are assigned service roles, and 15 per cent are deployed in their in-house contact centre. The remaining are absorbed into miscellaneous roles by other segments, including operations.
Of the 2300 freshers that Axis Bank plans to hire, 2,000 will be assigned entry-level roles. It will be recruiting about 200 from various business schools and about a 100 from the Indian Institutes of Technology ( IITs) and National Institutes of Technology (NITs).
Axis Bank plans to focus on filling posts in the risk, compliance and cyber security space. It is also on the lookout for IT and analytics experts.
The demand for skilled talent in the fields of analytics, digital banking, artificial intelligence and information security is definitely on the rise.
Suitable talent is also being sought for acquisition, relationship and service roles in the banking sector.
The main challenge for the banks is that the Millennials are raring to go and expect to be assigned strategic roles as soon as they join. They do not feel the need to study or experience the basics of the sector first.