The small finance banks in India, including AU, Ujjivan, Utkarsh, Suryoday and ESAF will be expanding their staff by 4000 to 5000 in the smaller towns in the next three months. These banks are reportedly seeking not only fresh graduates but also bankers with experience to take on positions in the areas of analytics, investor relations, operational risk, and branch management.
In India, the presence of small banks in the rural areas is making it convenient for the population in the villages and remote areas to avail of bank services now. With new branches being set up by these small banks, more jobs will be created and more people will be seen shifting to smaller towns.
AU Small Finance Bank is reportedly all set to recruit approx. 1,500 people while Ujjivan will be hiring 600. Suryoday is reportedly looking for about 250 people, whereas ESAF is expected to expand its staff strength by approx. 500 people.
Ujjivan Small Finance Bank has already recruited more than 5,000 people in the past nine months.
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