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<ul><li>Hiring trend in India’s banking and insurance sector is bouncing back after the disruption caused by the global COVID-19 pandemic.</li><li>A recent report by online job platform Monster.com says that the finance and accounts sector saw an uptick of 11% in job postings in the month of June 2021.</li><li>List of job hirings in big banks for various roles in India</li></ul>The banking, financial services and investment (BFSI) sector is one of the most crucial sectors, as it is at the core of any economy's growth. Hiring trend in India’s banking and insurance sector is bouncing back after the disruption caused by the global COVID-19 pandemic and has shown a recovery from their recent slump, according to a May 2021 report by Naukri Jobspeaks. A recent report by online job platform Monster.com says that the finance and accounts sector saw an uptick of 11% in job postings in the month of June 2021 as compared to May 2021. Here is a list of job hirings in big banks for various roles in India — 1. <keyword id="45660" type="CITY" weightage="20" keywordseo="Yes-Bank">YES Bank</keyword> — Manager YES bank is hiring a manager in Kochi, Kerala in the large corporates south department for a full time role. Candidates should have a Master of Business Administration (MBA) degree. The selected candidate will have to closely coordinate with the team leaders to ensure they effectively address the client's financial needs as when required structuring and restructuring needs. Interested candidates can apply <a href="https://yesbankcareers.skillate.com/careers/jobs/LAR00001A/details">here</a>. 2. <keyword id="6653" type="CITY" weightage="20" keywordseo="ICICI-bank">ICICI Bank</keyword> — Manager — Corporate and Commercial banking The bank is looking for a manager in Mumbai, Maharashtra for Corporate and Commercial banking department for a full time position. Candidates applying for this role should have an MBA or a post graduate diploma in management (PGDM) in any discipline or be a chartered accountant (CA) and have at least more than 2 years of industry experience. The key responsibility of the selected candidate would be to identify new business opportunities for the bank in the India-Canada corridor. Interested candidates can apply <a href="https://www.naukri.com/job-listings-manager-corporate-and-commercial-banking-icici-bank-ltd-mumbai-all-areas-5-to-10-years-150721005357?src=jobsearchDesk&amp;sid=16269185081622849_1&amp;xp=1&amp;px=2">here</a>. 3. <keyword id="6355975" type="COMPANY" weightage="20" keywordseo="axis-bank">Axis Bank</keyword> — Relationship Officer The bank is looking out for a relationship manager in Bhopal, Indore, and Raipur with1-5 years of job experience. Candidates from banking, financial services and insurance (BFSI) are preferred.The responsibility of the candidates would be to manage sales of banking products and fulfilling needs and develop sales targets. Interested candidates can apply <a href="https://www.naukri.com/job-listings-relationship-officer-axis-bank-bhopal-indore-raipur-1-to-5-years-250621005469?src=jobsearchDesk&amp;sid=16269215796571287&amp;xp=1&amp;px=1">here</a>. 4. <keyword id="6357149" type="COMPANY" weightage="20" keywordseo="hdfc-bank">HDFC Bank</keyword> — Branch Sales Manager The bank is recruiting a branch sales manager in Bengaluru, Karnataka for a full time position. The candidate must have 2-3 years of relevant experience and should have basic knowledge of banking products, good relationship management and presentation skills. The key responsibility of the candidate would be to maintain continuous customer engagement through customer visits/ contacts or proactive solutions of customer issues and queries. Interested candidates can apply <a href="https://hdfcbankcareers.hirealchemy.com/#/description/9f26acee-5186-40aa-822e-39eeba0b7a20">here</a>. 5. Axis Bank — Branch Manager The bank is hiring branch managers at various places — Ludhiana, Shimla, Kurukshetra and Jammu for a full time role. The candidates should have an experience of at least 8-13 years in the banking sector. The key responsibilities of the candidates would be to enhance and contribute to the growth of the company through business development, prepare and review the monthly calendar of outbound activities. Interested candidates can apply <a href="https://www.naukri.com/job-listings-branch-manager-icici-bank-ltd-ludhiana-shimla-kurukshetra-jammu-8-to-13-years-100721001674?src=jobsearchDesk&amp;sid=16269215796571287&amp;xp=16&amp;px=1">here</a>. 6. YES Bank — Product Sales Manager The bank is looking for an experienced product sales manager for retail cash management services (CMS) sales department in Mumbai, Maharashtra for a full time position. The candidate should be an MBA in finance or CA and should have at least 3-4 years of experience in CMS or 5-7 years of experience in the banking industry. The candidate will be responsible for the steady flow of CMS management service businesses. Interested candidates can apply <a href="https://yesbankcareers.skillate.com/careers/jobs/RET0001AA/details">here</a>. 7. ICICI Bank — Sales/Business Development Manager The bank is hiring an experienced sales/business development manager for the corporate market group at various locations -- Ranchi, Ahmedabad and Chennai for a full time role with an experience of 10-16 years in the industry. The key responsibility of the candidates would be to handle existing customer relationships, increase wallet share of cross border transactions. Interested candidates can apply <a href="https://www.naukri.com/job-listings-corporate-market-group-icici-bank-ltd-ranchi-ahmedabad-chennai-10-to-16-years-150721001928?src=jobsearchDesk&amp;sid=16269215796571287&amp;xp=9&amp;px=1">here</a>. 8. Federal Bank — Insurance Relationship Manager The bank is hiring an insurance relationship manager for Ageas Federal Life Insurance at various locations — Bengaluru, Coimbatore, Bijapur and Belthangady for a full time role. The candidate must have a postgraduate degree in any discipline with a relevant experience of at least 2-4 years in the insurance sector. Interested candidates can apply <a href="https://www.naukri.com/job-listings-relationship-manager-banca-channel-federal-bank-ageas-federal-life-insurance-company-limited-vijayapura-bijapur-beltangadi-coimbatore-bangalore-bengaluru-1-to-3-years-100721003321?src=jobsearchDesk&amp;sid=16269268509135267&amp;xp=3&amp;px=1">here</a>. 9. HDFC Bank — Personal Banker The bank is hiring a personal banker with an experience of at least 1-2 years in the industry in Ludhiana, Punjab. The key responsibility of the candidate would be to maintain daily sales reports and ensure quality of relationships with customers. Interested candidates can apply <a href="https://hdfcbankcareers.hirealchemy.com/#/description/a6e6f134-54a8-4ea8-a60d-a5e5b0b60c6e">here</a>. 10. IndusInd Bank — Sales Manager The bank is looking for a sales manager with an experience between 2-7 years in the banking industry at various locations — Delhi, Ghaziabad and Agra for a full time position. The key responsibility of this position would be to identify and develop new relationships for generating new business through dealers. Interested candidates can apply <a href="https://www.naukri.com/job-listings-am-dm-commercial-vehicle-new-refinance-delhi-up-west-indusind-bank-limited-delhi-ncr-ghaziabad-agra-2-to-7-years-291118600523?src=jobsearchDesk&amp;sid=16269281082683911&amp;xp=2&amp;px=1">here</a>. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/education/news/these-are-some-of-the-universities-that-offer-free-education-for-international-students/slidelist/84463712.cms">Planning to study abroad? These are some of the universities that offer a free education for international students</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/travel/news/indians-planning-to-travel-more-as-covid-19-restrictions-relaxed-in-many-states/articleshow/83867486.cms">Indians are making big plans of ‘revenge travel’ as COVID-19 restrictions get lifted in many states</a>

Banking jobs: HDFC Bank, Axis Bank, ICICI Bank and more are hiring across the country for various roles

<ul><li><keyword id="6355975" type="COMPANY" weightage="20" keywordseo="axis-bank">Axis Bank</keyword> has been implementing structural rearrangements, under its Chief executive Amitabh Chaudhry leading to over 15,000 resignations in the last three quarters. </li><li>The bank, however, plans to hire at least 25,000 new ‘digitally-skilled’ employees in the next two years including freshers from IITs and ISB, it told Business Insider </li><li>This may be attributed to the bank’s transition to <keyword id="24019" type="PERSON" weightage="20" keywordseo="automation">automation</keyword>. Last year, it added an automation unit to its banking operations — hiring nearly 800 digitally-skilled employees. </li><li>It aims to add another 4,000 employees over the next three months — especially from the rural areas and tier 2 cities.</li></ul>Axis Bank Chief Executive Amitabh Chaudhry’s push for digitisation and automation has forced out 15,000 people from its ranks in the last 9 months. That’s nearly one in every five Axis Bank employees who have resigned. What is interesting is where Axis Bank is looking for replacements. “We have robust plans to add another 25,000 to 30,000 employees in Axis Bank and the subsidiaries in the next 2 year or so,” the company told Business Insider. This will include campus hires from B-schools like ISB (Indian School of Business) and IITs (Indian Institute of Technology). It will also hire from the <a href="https://www.businessinsider.in/careers/news/sbi-kotak-mahindra-and-axis-bank-are-going-digital-hiring-for-ai-analytics-and-other-tech-profiles/articleshow/72342982.cms">National Institute of Design</a> for the very first time. The bank statement also said that it has hired nearly 28,000 employees this fiscal. “This year, we have also focused on hiring in risk, compliance and cybersecurity roles,” the head of Human Resources, <a href="https://economictimes.indiatimes.com/jobs/kotak-mahindra-axis-bank-to-recruit-5000-fresh-grads/articleshow/72340847.cms?from=mdr">Rajkamal Vempati, told the Economic Times</a>. This is the big change at Axis Bank The bank has developed a library of 2,000 courses for its employees, as a part of their learning and development initiatives. But not everyone is ready to upgrade. “With the complete overhaul of the way the bank functions, many are left wondering about their roles. While many old-timers are feeling a bit of discomfort with the cultural change,” the Economic Times <a href="https://economictimes.indiatimes.com/industry/banking/finance/banking/15000-staff-quit-in-a-few-months-as-axis-bank-revamps-functions/articleshow/73147634.cms">reported</a>. Last year, it added an automation unit to its banking operations — hiring nearly 800 digitally-skilled employees in areas such as big data and analytics, IT, process automation — AI, Robotics and Cyber Security. Other jobs on the anvil India’s third-largest private bank aims to add another 4,000 employees over the next three months, especially from the rural areas and tier 2 cities, as 550 new branches are set to open. See also: <a href="https://www.businessinsider.in/careers/news/benching-firing-and-re-deploying-the-story-of-20000-employees-at-tech-majors/articleshow/71934414.cms">Benching, firing and re-deploying — the story of 20,000 employees at tech majors</a> <a href="https://www.businessinsider.in/careers/news/sbi-kotak-mahindra-and-axis-bank-are-going-digital-hiring-for-ai-analytics-and-other-tech-profiles/articleshow/72342982.cms">SBI, Kotak Mahindra and Axis Bank are going digital — hiring for AI, analytics and other tech profiles</a>

After 19% attrition, Axis Bank is headed to IITs, ISB and National Institute of Design for hiring

<ul><li>Private sector banks — <keyword id="6355975" type="COMPANY" weightage="20" keywordseo="axis-bank">Axis Bank</keyword> and <keyword id="46013" type="COMPANY" weightage="20" keywordseo="Kotak-Mahindra-Bank">Kotak Mahindra Bank</keyword> — are absorbing technical professionals in their teams. </li><li>The banks announced as many as 5,000 job openings for fresh graduates with cybersecurity, technical and design skills. </li><li>Axis Bank will hire 2,300 freshers — including campus hires from B-schools and IITs. </li></ul>Axis Bank and Kotak Mahindra Bank — are hiring extensively for technical professionals. These banks will hire 5,000 fresh graduates with cybersecurity, technical and design skills. According to <keyword id="234165" type="PERSON" weightage="20" keywordseo="Sukhjit-Singh">Sukhjit Singh</keyword> Pasricha, chief human resource officer at Kotak Mahindra Bank, the banking industry has witnessed a sudden demand for professionals skilled in technologies like <keyword id="107950" type="TECHNOLOGY" weightage="20" keywordseo="artificial-intelligence">artificial intelligence</keyword>, digital banking and analytics. This will be the first time that Kotak is hiring from engineering colleges, thanks to the advent of digital technologies. The private bank will hire nearly 2,600 freshers this year, Pasricha <a href="https://economictimes.indiatimes.com/jobs/kotak-mahindra-axis-bank-to-recruit-5000-fresh-grads/articleshow/72340847.cms?from=mdr">told </a>ET. This includes jobs across departments — services, operations and frontline acquisition. On the other hand, Axis Bank will hire 2,300 freshers — including campus hires from B-schools and IITs. It will also hire from National Institute of Design for the very first time. While IT and analytics remain the most sought-after job role, “this year, we have also focused on hiring in risk, compliance and cybersecurity roles,” <a href="https://economictimes.indiatimes.com/jobs/kotak-mahindra-axis-bank-to-recruit-5000-fresh-grads/articleshow/72340847.cms?from=mdr">said</a> Rajkamal Vempati, HR head, Axis Bank. This financial year, the largest public sector bank <keyword id="6354731" type="DOMAIN" weightage="20" keywordseo="state-bank-of-india">State Bank of India</keyword> (SBI) hired nearly 11,000 employees so far. This includes jobs in retail banking, IT, corporate and international banking and wealth management. “There has been continuous disruption in the financial services sector, mainly due to digitalization. While banks are fast adapting to digital ways, these new services require manpower to reach deeper pockets, to engage with customers and provide them with seamless banking experience,” Alok Kumar Choudhary, deputy managing director (HR) and chief development officer of <a href="https://www.pressreader.com/india/the-economic-times/20191203/282179357947987">State Bank of India said</a>. See also: <a href="https://www.businessinsider.in/careers/news/benching-firing-and-re-deploying-the-story-of-20000-employees-at-tech-majors/articleshow/71934414.cms">Benching, firing and re-deploying — the story of 20,000 employees at tech majors</a> <a href="https://www.businessinsider.in/education/news/b-school-students-get-summer-placements-but-for-technology-job-profiles/articleshow/72139265.cms">B-school students get summer placements — but for technology job profiles</a> <a href="https://www.businessinsider.in/business/news/india-internet-industry-goldman-sachs-investment-ideas-for-future/articleshow/72326122.cms">2020 is the time to bet on India’s internet industry which will be worth $160 billion in 5 years</a>

SBI, Kotak Mahindra and Axis Bank are going digital — hiring for AI, analytics and other tech profiles

<ul><li>Shares of <keyword id="6357149" type="General" weightage="20" keywordseo="hdfc-bank" source="Orion">HDFC Bank</keyword>, gained close to 2% on Monday’s trade to ₹1,625 apiece on rural banking expansion plans.</li><li>As part of the plan, the lender also plans to hire 2,500 people over the next six months.</li><li>The bank’s management, in its July earnings call, had also indicated that the lender is looking at “solid growth” in the ongoing financial year. </li></ul>Shares of private sector lender, HDFC Bank, gained close to 2% on Monday’s trade to ₹1,625 apiece as its management looked to double the bank’s rural reach to over two lakh villages over the next two years. "India's rural and semi-urban markets are under-served in credit extension. They present sustainable long-term growth opportunities for the Indian banking system,” said Rahul Shukla, group head – commercial and rural banking at HDFC Bank in a press <a href="https://www.hdfcbank.com/personal/about-us/news-room/press-release/2021/q3/hdfc-bank-to-double-its-rural-reach-to-2-lakh-villages-in-2-years">statement</a> on Sunday. The statement was issued by the bank on the same day when Finance minister Nirmala Sitharaman prodded banks to expand their rural presence at an Indian Banks' Association event. "Even today many panchayats don't have a bank branch. I am not saying that you need to have a physical presence everywhere, digitisation has saved a lot of costs without compromising the service banks provide," she said on Sunday. As part of the plan, the lender also plans to hire 2,500 people over the next six months. The move, it said, will help the lender to expand its reach to one-third of rural India, while extending its leadership in lending to micro, small and medium enterprises. Currently, HDFC Bank offers its products and services to micro, small and medium enterprises (MSMEs) in over 550 districts. As of June 30, the bank had close to half of its 5,653 branches in semi-urban and rural India, along with 15,912 banking correspondents. Of its total retail advances worth ₹5.23 lakh crore, Kisan Gold card formed close to 9% at ₹46,868 crore. The bank’s commercial and rural banking loan book, as of June 30, rose 25% year-on-year to ₹3.86 lakh crore. HDFC Bank: Rural Banking Portfolio On A Steady Rise <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">In Rs Lakh Crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">30-Jun-20 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">31-Mar-21 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">30-Jun-21 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Retail Loans </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">4.19 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">4.61 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">4.58 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Commercial &amp; Rural Banking Loans </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"> 3.08 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3.71 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3.86 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Other Wholesale Banking Loans </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2.86 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3.09 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3.15 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">10.14 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"> 11.43 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">11.59 </td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table>Source: Public disclosures The rise in HDFC Bank stock prices in today’s trade, said Siji Philip, senior research analyst at Axis Securities, is a function of its management’s positive commentary on future growth, as well as its announcement to expand rural banking in the country. <div type="image" title="snapshot-1632724722101" msid="86549824" hostid="261"></div> “HDFC Bank management has been indicating positive growth in the current financial year with a strong comeback on the operating performance front. The growth in HDFC Bank’s stock price is also partly led by a strong market sentiment that has prevailed as the fear of an impending third COVID wave has weakened,” she said. The bank’s management, in its July earnings call, had also indicated that the lender is looking at “solid growth” in the ongoing financial year. “If I were to take any insights and share with you for the first 15 days trends for the month of July '21, HDFC Bank is echoing the projection of almost 100% of pre-COVID levels on the disbursement. And that gives me the optimism that in quarter two, which is July, August and September, we should be in a position to scale up rapidly on our growth rates,” said Arvind Kapil, the bank's country head for retail assets at HDFC Bank’s earning call in July. “...our assessment and our belief is that we should be back on course to achieve the original financial year plans and should close the year on a solid growth for the financial year,” he said. Last week, the bank said it would launch co-branded credit cards in partnership with Paytm. The launch, planned in October, it said will coincide with the festive season as the lender looks to tap into potentially higher consumer demand for credit card offers, EMIs and Buy Now Pay Later options, with the full suite of products to be on offer by the end of December. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/scientists-say-this-new-smartphone-sensor-can-detect-when-someone-consumes-marijuana/articleshow/86547421.cms">Scientists say this new smartphone sensor can detect when someone consumes marijuana</a> <a href="https://www.businessinsider.in/stock-market/news/reliance-industries-shares-hit-record-high-trading-at-over-2500/articleshow/86547883.cms">Reliance Industries’ shares hit record high, trading at over ₹2500 in early morning trade</a>

HDFC Bank is looking to hire 2,500 people in the next six months across India to double its rural cover

Continuing their winning run for the third session in a row, the BSE <keyword id="6484188" type="PERSON" weightage="20" keywordseo="sensex">Sensex</keyword> surged nearly 1,148 points to breach the 51,000-level and the <keyword id="372424" type="ORGANIZATION" weightage="20" keywordseo="NSE-Nifty">NSE Nifty</keyword> recaptured the 15,200-mark on Wednesday, propped up by intense buying in financial and energy stocks. At the closing bell, the 30-share Sensex was up 1,147.76 points or 2.28 per cent at 51,444.65 -- the biggest single-day rise since February 2. Intra-day, the index swung 1,243 points. Likewise, the NSE <keyword id="6354813" type="COMPANY" weightage="20" keywordseo="Nifty">Nifty</keyword> climbed 326.50 points or 2.19 per cent to end at 15,245.60. The Sensex rally was driven by <keyword id="85462" type="DOMAIN" weightage="20" keywordseo="Bajaj-FinServ">Bajaj FinServ</keyword>, <keyword id="6355199" type="DOMAIN" weightage="20" keywordseo="reliance-industries">Reliance Industries</keyword>, <keyword id="111876" type="DOMAIN" weightage="20" keywordseo="Bajaj-Finance">Bajaj Finance</keyword>, <keyword id="6653" type="DOMAIN" weightage="20" keywordseo="ICICI-bank">ICICI Bank</keyword>, HDFC and <keyword id="6355975" type="DOMAIN" weightage="20" keywordseo="axis-bank">Axis Bank</keyword>. Of the 30 Sensex constituents, 27 closed in the green. Foreign investors had bought equities worth ₹2,223.16 crore on net basis in Indian capital markets on Tuesday, exchange data showed. Elsewhere in Asia, stock markets extended gains on Wednesday despite an overnight retreat on Wall Street. Meanwhile, Brent Futures rose by 1.84 per cent to trade at USD 63.77 per barrel. On the forex market front, the rupee rose by 65 paise to end at 72.72 against the US dollar. SEE ALSO: <a href="https://www.businessinsider.in/business/news/indian-companies-stand-to-lose-7-14-lakh-crore-to-climate-change-but-they-could-end-up-making-2-9-lakh-crore-too/articleshow/81306789.cms">Indian companies stand to lose ₹7.14 lakh crore to climate change — but they could end up making ₹2.9 lakh crore too</a> <a href="https://www.businessinsider.in/tech/mobile/news/xiaomi-redmi-note-10-mobile-to-launch-soon-in-india-checkout-price-and-specifications/articleshow/81307291.cms">Xiaomi Redmi Note 10 series to launch soon – specs, price and everything you need to know</a> <a href="https://www.businessinsider.in/careers/news/paypal-which-had-shut-down-domestic-operations-in-india-now-plans-to-hire-1000-engineers/articleshow/81307572.cms">PayPal, which had shut down domestic operations in India, now plans to hire 1,000 engineers</a>

RIL, banks lift Sensex 1100 points higher, Nifty tops 15,200 mark

New Delhi, March 16 (IANS) India's key equity indices -- <keyword id="6484188" type="General" weightage="20" keywordseo="sensex" source="Orion">Sensex</keyword> and <keyword id="6354813" type="General" weightage="100" keywordseo="nifty" source="Orion">Nifty</keyword> -- traded in the green in the opening session on Wednesday. At 9.54 a.m., Sensex was 1.4 per cent or 777 points up at 56,554 points, whereas Nifty 1.3 per cent or 220 points up at 16,883 points. Among the specific stocks, <keyword id="46717" type="General" weightage="20" keywordseo="indusind-bank" source="Orion">Indusind Bank</keyword>, Axis Bank, Bajaj Finance, Grasim Industries and <keyword id="85462" type="General" weightage="20" keywordseo="bajaj-finserv" source="Orion">Bajaj Finserv</keyword> were the top five gainers among the Nifty 50 companies, rising 3.7 per cent, 3.5 per cent, 3.0 per cent, 2.8 per cent, and 2.7 per cent, respectively. Cipla, <keyword id="44642" type="General" weightage="20" keywordseo="sun-pharma" source="Orion">Sun Pharma</keyword>, and <keyword id="9897896" type="General" weightage="20" keywordseo="tata-consumers" source="Orion">Tata Consumers</keyword>, on the other hand, were the only shares that declined among the Nifty 50 companies in the opening session. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/these-are-the-sectors-hiring-the-most-apprentices-this-quarter-in-india/slidelist/90224334.cms">These are the sectors hiring the most apprentices this quarter in India</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/binances-bitcoin-button-game-offers-one-bitcoin-to-a-lucky-winner-guaranteed-nfts-and-other-prizes/articleshow/90254055.cms">Binance’s Bitcoin Button game has one Bitcoin up for grabs, apart from NFTs and $10,000 prize money pool</a>

Sensex, Nifty up over 1% each; IndusInd Bank, Axis Bank, Bajaj Finance, Grasim Industries and Bajaj Finserv top gainers among Nifty 50 stocks

Equity benchmark <keyword id="6484188" type="PERSON" weightage="20" keywordseo="sensex">Sensex</keyword> jumped over 300 points in the opening session on Tuesday tracking gains in <keyword id="10617334" type="UNKNOWN" weightage="20" keywordseo="index-majors-reliance-industries">index majors Reliance Industries</keyword>, ICICI Bank and L&amp;T. After touching a high of 50,128.85 in early trade, the 30-share BSE index was trading 260.39 points or 0.52 per cent higher at 50,004.71. After a similar movement, the broader NSE <keyword id="6354813" type="COMPANY" weightage="20" keywordseo="Nifty">Nifty</keyword> was quoting 81.50 points or 0.56 per cent up at 14,757.20. ONGC was the top gainer in the Sensex pack, rallying around 6 per cent, followed by L&amp;T, <keyword id="111876" type="DOMAIN" weightage="20" keywordseo="Bajaj-Finance">Bajaj Finance</keyword>, <keyword id="85462" type="DOMAIN" weightage="20" keywordseo="Bajaj-FinServ">Bajaj Finserv</keyword>, ICICI Bank, <keyword id="6355199" type="DOMAIN" weightage="20" keywordseo="reliance-industries">Reliance Industries</keyword>, <keyword id="6355975" type="DOMAIN" weightage="20" keywordseo="axis-bank">Axis Bank</keyword> and IndusInd Bank. On the other hand, <keyword id="106317" type="DOMAIN" weightage="20" keywordseo="Asian-Paints">Asian Paints</keyword>, Kotak Bank, Bajaj Auto, Maruti and HDFC were among the laggards. In the previous session, Sensex tumbled 1,145.44 points or 2.25 per cent to close at 49,744.32, and Nifty sank 306.05 points or 2.04 per cent to finish at 14,675.70. Foreign institutional investors turned net sellers in the capital market as they offloaded shares worth Rs 893.25 crore on Monday, as per exchange data. Domestic equities look to be good at the moment despite mixed cues from global markets, said Binod Modi Head-Strategy at Reliance Securities. Concerns pertaining to increase in bond yields and higher commodity prices dented investors' sentiments in the last couple of days. However, the underlying strength of the economy and market remains intact in our view and hence any further correction in the market should be used to buy, he said. He further added that Indian companies are likely to see sustained earnings recovery in subsequent fiscals and therefore premium valuations are likely to sustain. US equities extended losses in overnight trade on Monday as worries over continued rise in bond yields dampened investors' sentiments. Elsewhere in Asia, bourses in Shanghai and Hong Kong were trading on a positive note in mid-session deals, while Seoul was in the red. Meanwhile, the global oil benchmark Brent crude was trading 1.38 per cent higher at USD 65.25 per barrel. SEE ALSO: <a href="https://www.businessinsider.in/business/ecommerce/news/discounts-have-dropped-lower-on-the-customer-priority-list-say-indian-online-retailers/articleshow/81145830.cms">Discounts have dropped lower on the customer’s priority list, say Indian e-tailers</a> <a href="https://www.businessinsider.in/stock-market/news/how-to-check-railtel-ipo-share-allotment-status-online/articleshow/81145120.cms">Indian Railways owned RailTel’s IPO: Here’s how to check share allotment status</a> <a href="https://www.businessinsider.in/politics/india/news/puducherry-government-falls-as-chief-minister-v-narayanasamy-loses-trust-vote-in-assembly/articleshow/81148119.cms">Puducherry government falls as Chief Minister V Narayanasamy loses trust vote in Assembly</a> <a href="https://www.businessinsider.in/careers/news/deutsche-bank-plans-to-hire-1000-freshers-in-india-as-it-looks-to-build-core-technologies-in-house/articleshow/81147886.cms">INTERVIEW: Deutsche Bank plans to hire 1,000 freshers in India as it looks to build core technologies in-house</a>

Sensex reclaims 50,000-mark, Nifty trades near 14,800

<ul><li>The known debt of Future Group’s listed companies is over ₹26,000 crore ($3.5 billion), including those from banks, mutual funds, suppliers et all. </li><li>Bank of India has the highest exposure, to the tune of ₹5,750 crore, among all banks that have together lent about ₹12,000 crore to the Future Group's listed companies. </li><li>Franklin Templeton and Kotak Credit Risk Fund have lent money to Future Group, about ₹968 crore.</li><li>It is reported that lenders to the listed companies may get 60% of their dues back post the merger but they may want more.</li></ul>There are many who will heave a sigh of relief after Reliance Industries’ decision to buy out Future Group companies. While the shareholders of Kishore Biyani’s companies are still figuring out what is the worth of their stake in the new deal, based on the swap ratio, the bankers know the approximate amount that they are likely to get back. And, they may want more as the discussions open up this week starting Aug 31. The swap ratio: For every 10 shares of Future Enterprises, investors will get... <table style="width: 294pt;"> </colgroup> <tbody><tr> <td class="xl64" style="height:45.0pt;width:116pt">Company</td> <td class="xl64" style="border-left-width: initial; border-left-style: none; width: 83pt;">No. of shares</td> <td class="xl65" style="border-left-width: initial; border-left-style: none; width: 95pt;">Premium based on Aug 28 closing price</td> </tr> <tr> <td class="xl64" style="height: 15pt; border-top-width: initial; border-top-style: none;">Future Consumer</td> <td class="xl64" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">9</td> <td class="xl66" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">58.40%</td> </tr> <tr> <td class="xl64" style="height: 15pt; border-top-width: initial; border-top-style: none;">Future Lifestyle </td> <td class="xl64" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">116</td> <td class="xl66" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">61.50%</td> </tr> <tr> <td class="xl64" style="height: 15pt; border-top-width: initial; border-top-style: none;">Future Market</td> <td class="xl64" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">18</td> <td class="xl66" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">36.40%</td> </tr> <tr> <td class="xl64" style="height: 15pt; border-top-width: initial; border-top-style: none;">Future Retail</td> <td class="xl64" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">101</td> <td class="xl66" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">50.80%</td> </tr> <tr> <td class="xl64" style="height: 15pt; border-top-width: initial; border-top-style: none;">Future Supply Chain</td> <td class="xl64" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">131</td> <td class="xl66" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">75.20%</td> </tr></tbody></table>Source: Capitalmind <div type="Article" hostid="261" msid="77825144" title="Reliance Retail acquires Kishore Biyani’s Future Group for ₹25,000 crore in a ‘slump sale’" mstype="2" mssubtype="0"></div> Mukesh Ambani has decided to pay about ₹25,000 crore and agreed to pay off the latter’s loans to the tune of ₹12,500 crore. However, the known debt of Future Group’s listed companies is over ₹26,000 crore ($3.5 billion), according to <a href="https://www.capitalmind.in/2020/08/deleveraged-understanding-the-reliance-industries-future-group-deal/">a CapitalMind report</a>. <div type="image" title="future ent share price" msid="77837265" hostid="261" caption="&amp;lt;p&amp;gt;Future Enterprises share price chart&amp;lt;/p&amp;gt;"></div> Banks like Axis Bank, Bank of India, Bank of Baroda and many others have lent about ₹12,000 crore to Biyani’s listed companies and just as much to unlisted firms owned by Biyani and his family. Bank of India has the highest exposure, to the tune of ₹5,750 crore. But it seems the market already had a whiff of the deal as the stock has climbed about 10% in the last three years. <div type="image" title="boi share price" msid="77837274" hostid="261" caption="&amp;lt;p&amp;gt;Bank of India share price chart&amp;lt;/p&amp;gt;"></div> However, Ambani will not repay the debt of Biyani’s private companies. There are at least 13 promoter group companies under Future Enterprises (Biyani’s flagship firm), and their total debt stood close to ₹4,100 crore. While Biyani and his family hold a 33.5% stake in Future Group’s listed companies, almost all of it has already been pledged to lenders. <table style="border-width: initial; border-style: none; width: 468pt; table-layout: fixed;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Percentage of stake pledged </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Future Lifestyle </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">99.78% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Future Supply (FSCL) </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">97.62% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Future Consumer </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">92.97% </td></tr></tbody></table> Franklin Templeton and Kotak Credit Risk Fund have lent money to Future Group, about ₹968 crore. It is now widely reported that banks don’t expect to get all their dues back. Ambani who seems to have driven a hard bargain, reportedly wanted banks and suppliers that they would get only 60% of their dues back. SEE ALSO: <a href="https://www.businessinsider.in/business/ecommerce/news/walmart-ceo-defends-flipkart-valuation-says-learnings-from-india-helped-double-their-e-commerce-sales/articleshow/77626799.cms">Walmart CEO defends Flipkart's valuation, says learnings from India helped double their e-commerce sales</a> <a href="https://www.businessinsider.in/business/startups/news/masayoshi-son-best-bet-for-future-profit-is-paypay-in-japan-built-on-vijay-shekhar-sharma-paytm-model-in-india/articleshow/77518892.cms" class="waffle-rich-text-link">Masayoshi Son’s best bet for future profit is PayPay in Japan⁠ — built on Vijay Shekhar Sharma’s Paytm model in India</a> <a class="in-cell-link" href="https://www.businessinsider.in/careers/news/facebook-is-hiring-senior-execs-for-its-digital-wallet-novi-and-its-partnership-with-jio/articleshow/77606649.cms" target="_blank">Facebook is hiring senior execs for its digital wallet Novi and its partnership with Jio</a>

From Bank of India and Axis Bank to Franklin and Kotak Mutual Fund⁠— lenders' will vie for their pound of flesh from the Ambani-Biyani deal

<ul class="summary-list"><li>Former <keyword id="11896548" type="UNKNOWN" weightage="60" keywordseo="citigroup" source="Orion">Citigroup</keyword> executive Matt Zhang is launching a $1.5 billion <keyword id="11893898" type="UNKNOWN" weightage="60" keywordseo="crypto" source="Orion">crypto</keyword> fund, Bloomberg reported.</li><li>He brought on former <keyword id="6361649" type="UNKNOWN" weightage="60" keywordseo="goldman-sachs" source="Orion">Goldman Sachs</keyword> banker and <keyword id="11971138" type="UNKNOWN" weightage="60" keywordseo="axie-infinity" source="Orion">Axie Infinity</keyword> personality Sam Peurifoy to help.</li></ul>A former Citigroup executive is launching a $1.5 billion crypto fund and bringing on former Goldman Sachs banker Sam Peurifoy, who quit his job previously to make money in <keyword id="12453019" type="UNKNOWN" weightage="60" keywordseo="play-to-earn" source="Orion">play-to-earn</keyword> games, <a href="https://www.bloomberg.com/news/articles/2021-11-29/citigroup-alum-matt-zhang-launches-1-5-billion-crypto-venture?srnd=markets-vp">Bloomberg reported</a>.Matt Zhang, who was most recently a global co-head of structured products trading at Citigroup, is launching the investment firm named Hivemind Capital Partners and has already gotten interest from institutional investors like pensions, endowments, and sovereign wealth funds, according to the report. He hired Peurifoy to run the play-to-earn segment of the firm, Bloomberg said. <a href="https://www.businessinsider.in/cryptocurrency/news/a-27-year-old-left-his-goldman-sachs-job-and-became-a-crypto-capitalist-in-the-play-to-earn-video-game-world/articleshow/87470741.cms">Peurifoy makes money</a> in the ethereum-based video game world of Axie Infinity, where he's known as "Das Kapitalist" and lends digital tokens to new players and splits the eventual winnings. Zhang and Peurifoy did not immediately respond to LinkedIn messages from Insider. In a post, Zhang said he's "super excited about my new venture and second life."<a href="https://www.prnewswire.com/in/news-releases/former-citi-top-trading-executive-launches-hivemind-a-1-5b-venture-to-institutionalize-crypto-investing-851941635.html">In a press release</a> confirming the news, Zhang said, "We believe blockchain technology is a paradigm shift, and we are still in the early innings." New York-based Hivemind said it will focus on making venture investments in crypto companies, trading digital assets, and setting up a dedicated "play-to-earn" strategy. For the play-to-earn arm, Peurifoy told Bloomberg he would focus on building and scaling gaming communities to help individual members live and earn money in the digital world. As the crypto world has grown over the last several years, banks have been adding crypto-related roles and offering a sweet deal to new hires. On top of that, more crypto-oriented funds are coming onto the scene, like one <a href="https://www.businessinsider.com/sequoia-partner-coinbase-cryptocurrency-fund-2018-6">launched by the Coinbase cofounder</a> and former Sequoia partner Matt Huang.

Former bankers — including one who quit Goldman Sachs to play Axie Infinity — are reportedly launching a $1.5 billion crypto fund

<ul><li>According to a Naukri JobSpeak report, jobs in information technology (IT) and IT-related areas are at an all-time high growth rate of 52% in May 2021.</li><li>As per job site Indeed, business analysts are becoming more popular across several sectors.</li><li>Business Insider has collated a few job openings for Business Analysts in various marquee companies.</li></ul>The hiring trend in India seems to be bouncing back after the disruption caused by the COVID-19 pandemic. According to a Naukri JobSpeak report, jobs in information technology (IT) and IT-related areas are at an all-time high growth rate of 52% in May 2021, as compared to pre-COVID levels i.e., June 2019. As per job site Indeed, business analysts are becoming more popular across several sectors as organisations strive to grow and adapt to the new challenges while meeting the needs of their clients and customers. Business Insider has collated a few job openings for Business Analysts in various marquee companies. 1. <keyword id="6355629" type="DEFINITION" weightage="20" keywordseo="google">Google</keyword> The US-based search engine giant is hiring Business Systems Analysts in Bengaluru, Karnataka. The candidate must have an experience of over 10 years in implementing vendor software or implementing supply chain applications with a bachelor’s degree in computer science/engineering/mathematics or related fields. Selected candidates will have to partner with the internal team to improve internal business processes by defining and implementing business solutions. Interested candidates can apply <a href="https://www.google.com/about/careers/applications/packets/ed869393-c4ed-4dbf-9038-822010c34cdc/form">here</a>. 2.Paytm Digital payments platform Paytm is looking for a Business Analyst in Noida, Uttar Pradesh. The candidate should have at least 2-5 years of experience as a business analyst or a data scientist and must be highly proficient in machine learning, algorithms and other statistical tools. The key responsibility of the selected candidate will be to design business strategies based on data findings and complete implementation and programme management. Interested candidates can apply <a href="https://jobs.lever.co/paytm/480ee99b-97b6-4886-a189-45ce853d4e25">here</a>. 3. <keyword id="18635" type="CITY" weightage="20" keywordseo="Amazon">Amazon</keyword> The multinational technology and e-commerce company is actively recruiting a Business Analyst in Hyderabad, Telangana. The candidate should have a relevant experience of three or more years as business analyst/data analyst or statistical analyst. The desired skills required for this position is proficiency in SQL, Python and related softwares. The candidate must have a bachelor’s/master’s degree in computer science/engineering/mathematics/statistics/finance. Interested candidates can apply <a href="https://www.amazon.jobs/en-gb/jobs/1522086/business-analyst">here</a>. 4. Cognizant The multinational IT firm is looking for a Business Analyst across various locations — <a href="https://careers.cognizant.com/in/en/job/00042871561/Business-Analyst">Bangalore</a>, <a href="https://careers.cognizant.com/in/en/job/00041209775/Business-Analyst">Chennai</a> and <a href="https://careers.cognizant.com/in/en/job/00041767402/Business-Analyst">Hyderabad</a>. The candidate must have these desired skills in these areas — business scorecard, business services and business-to-consumer. 5. <keyword id="10875" type="CITY" weightage="20" keywordseo="IBM">IBM</keyword> The multinational technology company is hiring freshers for Business Analyst positions in Bangalore, Karnataka. The chosen candidate will participate in the ongoing projects related to data analysis of IBM as well as suppliers. Applicants must have a good knowledge about data modelling and advanced SQL. Interested candidates can apply <a href="https://careers.ibm.com/job/13330682/business-information-analyst-bangalore-in/?codes=IBM_CareerWebSite">here</a>. 6. American Express The multinational financial services corporation is looking for a Business Analyst in Gurgaon, Haryana. The selected candidate will have to support the team in creating regulatory/governance reports and analyse, test these reports to draw inferences and gaps. The candidate must have at least 5 years of experience in the field of MIS and analytics. Interested candidates can apply <a href="https://aexp.eightfold.ai/careers/?pid=8098568&amp;domain=aexp.com">here</a>. 7. Lenskart The eyewear retail chain is recruiting Business Analysts for its Faridabad office. Candidates with 1.5-5 years of experience with proficiency in tools such as SQL, advanced excel are preferred for this role. The candidate should have a master’s degree or a master’s in management (MBA) from tier 1 or 2 college in technology/economics. Interested candidates can apply <a href="https://hiring.lenskart.com/o/business-analyst-analytics-faridabad">here</a>. 8. Barclays The British bank is hiring Business Analysts in Pune, Maharashtra. The selected candidates will be required to work on simple to medium complex projects with the team. The candidate should have at least 4-8 years of experience of working as a business analyst with good knowledge in the banking domain. Interested candidates can apply <a href="https://search.jobs.barclays/job/pune/business-analyst/22545/8602438400">here</a>. 9.Gartner The international research and advisory company is seeking Technical Business Analysts for its Gurgaon office. The candidate needs at least 3-5 years of experience as technical business analyst/technical product owner and should be well versed with using tools such as Lucid, Chart, MS Visio, JIRA. Interested candidates can apply <a href="https://jobs.gartner.com/job/gurgaon/technical-business-analyst/494/10659899520">here</a>. 10. Class Plus The edtech platform is actively recruiting a Business Analyst in Noida, Uttar Pradesh. The candidate should have two years of experience in a high-growth startup. The selected candidate will have to provide in-depth analysis of problem statements fundamental to growth and synthesise the data to give actionable insights to influence strategy and growth. Interested candidates can apply <a href="https://in.linkedin.com/jobs/view/business-analyst-at-classplus-2656860914?utm_campaign=google_jobs_apply&amp;utm_source=google_jobs_apply&amp;utm_medium=organic">here</a>. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/banking-jobs-hdfc-axis-icici-and-other-banks-are-hiring-across-the-country/articleshow/84666214.cms">Banking jobs: HDFC Bank, Axis Bank, ICICI Bank and more are hiring across the country for various roles</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/education/news/these-are-some-of-the-universities-that-offer-free-education-for-international-students/slidelist/84463712.cms">Planning to study abroad? These are some of the universities that offer a free education for international students</a>

Google, Amazon, IBM and many more are hiring business analysts across the country

<ul><li>Management graduates from top b-schools — including Indian Institutes of Management (IIMs) — are taking up technical job roles over management consulting and <keyword id="48051" type="ORGANIZATION" weightage="20" keywordseo="investment-banking">investment banking</keyword>. </li><li>This transition may be due to the extensive demand for digital literacy across job roles as the demand for qualitative and quantitative proficiency has increased. </li><li>Companies are hiring management interns with engineering background — especially in the computer science and electronics domain.</li></ul>With the advent of digitisation, management graduates from top b-schools — including Indian Institutes of Management (IIMs) — are taking up <a href="https://www.businessinsider.in/education/news/b-school-students-get-summer-placements-but-for-technology-job-profiles/articleshow/72139265.cms">technical job roles over management consulting and investment banking</a>. “Technology is creating opportunities , making way for newer jobs — many of them still unknown to us. The convergence of Big Data with <keyword id="107950" type="TECHNOLOGY" weightage="20" keywordseo="artificial-intelligence">Artificial Intelligence</keyword> has emerged as the single most important development that is shaping the future of how firms drive business value from their data and analytics capabilities,” Neeti Sharma, Senior Vice President, TeamLease Services told Business Insider. A study by talent solutions company Xpheno predicted that companies are expected to hire almost a third of management students for <keyword id="8433367" type="UNKNOWN" weightage="20" keywordseo="tech-profiles">tech profiles</keyword>. This transition may be due to the extensive demand for digital literacy across job roles as the demand for qualitative and quantitative proficiency has increased. In addition to this, consulting and i-banking multinationals banking on technologies like data science, artificial intelligence, <keyword id="294572" type="TECHNOLOGY" weightage="20" keywordseo="machine-learning">machine learning</keyword> and Internet of Things (IoT) offer higher remuneration for innovation skills. <div type="Article" hostid="261" msid="71515437" title="IIM Calcutta students receive over ₹1 lakh monthly stipend for analytics internships" mstype="2" mssubtype="0"></div>

 Nearly 68 management students were hired for IT and analytics profiles at Indian Institute of IIM Bangalore from companies like Ola, Oyo Rooms and United Health Group among others. The employer’s side On the employers front too, <keyword id="24019" type="PERSON" weightage="20" keywordseo="automation">automation</keyword> has restrained the demand for traditional i-banking roles. They are also looking for more diverse candidates. Companies are hiring management interns with engineering background — especially in the computer science and electronics domain. <div type="Article" hostid="261" msid="72139265" title="B-school students get summer placements — but for technology job profiles" mstype="2" mssubtype="0"></div>

 With automation making inroads in the Indian job market, humans are competing with machines to keep up. According to Microsoft, every business is going to be a Software business, build applications, use advanced analytics. Given that, companies are now looking at hiring employees that bring in AI and ML skills. “AI &amp; ML tools are being used across the life cycles of workflows &amp; projects across organizations. Many MBA students are Engineering graduates and hence it is natural that companies hiring from campus look for candidates who have a background of both technical as well as managerial skills which will enable them to perform better at their jobs,” Neeti added. Banks going digital With digitisation, techno-functional managers have become essential to companies. Public sector banks Axis Bank and Kotak Mahindra Bank also recently announced that they will hire 5,000 fresh graduates with cybersecurity, technical skills. <a href="https://www.businessinsider.in/careers/news/sbi-kotak-mahindra-and-axis-bank-are-going-digital-hiring-for-ai-analytics-and-other-tech-profiles/articleshow/72342982.cms">According to</a> Sukhjit Singh Pasricha, chief human resource officer at Kotak Mahindra Bank, the banking industry has witnessed a sudden demand for professionals skilled in technologies like artificial intelligence, digital banking and analytics. <div type="Article" hostid="261" msid="72342982" title="SBI, Kotak Mahindra and Axis Bank are going digital — hiring for AI, analytics and other tech profiles" mstype="2" mssubtype="0"></div>

 “Legacy job categories such as Banking or Transaction Processing may be heavily impacted by the automation that AI brings to the business — replacing jobs. The banking industry is anticipated to grow by incorporating AI systems, machine learning &amp; big data. This includes automation of customer service with chatbots, improving risk models, understanding customer behavior, credit decisions, risk and compliance, fraud detection and anti-money-laundering to name a few,” Anne Soumya, HR Director of The Adecco Group India told BI. See also: <a href="https://www.businessinsider.in/looking-for-a-job-heres-why-data-analytics-should-be-on-the-top-of-your-list/articleshow/67649196.cms">Here’s why it might be the best time to opt for a career in data analytics</a> <a href="https://www.businessinsider.in/careers/news/ai-blockchain-digital-maketing-and-other-top-emerging-jobs-in-india-according-to-linkedin/articleshow/72446654.cms">These are the top 15 emerging jobs in India, according to LinkedIn</a>

Recruiters explain why finance MBAs in India are looking beyond investment banking roles⁠— and rightly so

<keyword id="6356453" type="PERSON" weightage="100" keywordseo="Shikha-Sharma">Shikha Sharma</keyword> has been reappointed as <keyword id="6355975" type="CITY" weightage="100" keywordseo="Axis-Bank">Axis Bank</keyword>’s MD &amp; CEO for 3 years. Sharma dismissed rumours about her quitting the bank, saying there was no substance in media reports. In an interview with ET, Sharma said, “These are rumours that are flying around hot and fast, but there is no substance to it, these rumours don't change who I am or the commitment to the institution.” Speculations of Sharma’s exit were rife after Axis Bank board, recently, had hired executive search firm <keyword id="327609" type="COMPANY" weightage="20" keywordseo="Egon-Zehnder">Egon Zehnder</keyword> to find a successor. "The appointment of a search firm was in the interest of best governance, given that I would have done nine years with the bank in June 2018 and it does not preclude anything about whether I will do another term or not,” Sharma told ET. According to the bank hiring of an executive search firm is part of a laid down process which the board undertakes at regular intervals.

You Searched For "axis bank hiring" and got 12 results

Banking jobs: HDFC Bank, Axis Bank, ICICI Bank and more are hiring across the country for various roles

Vaamanaa Sethi

After 19% attrition, Axis Bank is headed to IITs, ISB and National Institute of Design for hiring

Prerna Sindwani

SBI, Kotak Mahindra and Axis Bank are going digital — hiring for AI, analytics and other tech profiles

Prerna Sindwani

HDFC Bank is looking to hire 2,500 people in the next six months across India to double its rural cover

Ridhima Saxena

RIL, banks lift Sensex 1100 points higher, Nifty tops 15,200 mark

PTI

Sensex, Nifty up over 1% each; IndusInd Bank, Axis Bank, Bajaj Finance, Grasim Industries and Bajaj Finserv top gainers among Nifty 50 stocks

IANS

Sensex reclaims 50,000-mark, Nifty trades near 14,800

PTI

From Bank of India and Axis Bank to Franklin and Kotak Mutual Fund⁠— lenders' will vie for their pound of flesh from the Ambani-Biyani deal

Sriram Iyer

Former bankers — including one who quit Goldman Sachs to play Axie Infinity — are reportedly launching a $1.5 billion crypto fund

Natasha Dailey

Google, Amazon, IBM and many more are hiring business analysts across the country

Vaamanaa Sethi

Recruiters explain why finance MBAs in India are looking beyond investment banking roles⁠— and rightly so

Prerna Sindwani

Axis Bank reappoints Shikha Sharma as MD&CEO for 3 years

BI India Bureau

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