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Around 10 lakh <keyword id="6477319" type="UNKNOWN" weightage="100" keywordseo="Bank-Employees">bank employees</keyword>, belonging to public and private sectors, have decided to observe a day-long strike on July 29, as a protest against the "anti-people" banking reform policies that the centre has announced. 
 
The United Forum of Bank Unions (UFBU), which consists of nine trade unions across the country, have around 10 lakh bank employees and officers, all of which would be taking part in the strike. 
 
The employees have several demands, including not to privatise public sector banks or to increase private capital in such banks, while also protesting against Foreign Direct Investment in the banking sector. 
 Other than this, the unions are also opposing move to privatise regional rural banks, co-operative banks, consolidate and merging banks among others, said All India Bank Employees Association (<keyword id="327672" type="ORGANIZATION" weightage="100" keywordseo="AIBEA">AIBEA</keyword>) General Secretary C H Venkatachalam. 
 
<a href="http://www.thehindubusinessline.com/multimedia/dynamic/02414/BL23_04_BANK_2414766f.jpg">Image source </a>

10 Lakh bank employees to go on strike on 29th July, protesting against unfriendly reforms

Mumbai, Jun 15 () Even as Indian Railways has resumed select local train services in Mumbai to ferry those providing essential services, <keyword id="6477319" type="UNKNOWN" weightage="20" keywordseo="bank-employees">bank employees</keyword> are not being allowed to use the service to commute, <keyword id="6355272" type="UNKNOWN" weightage="20" keywordseo="bank">bank</keyword> unions said. Banks are declared as the essential service provider by the Ministry of Home Affairs, and have been providing uninterrupted banking services since the first lockdown announced on March 23. Western Railway and Central Railway are running selected suburban train services only for essential services as identified by the state government. "Since the railway authorities have started local trains for the employees from essential service but bank employees have been denied using that service as they are not in the list of essential services," Union Forum of Bank Unions (UFBU) Maharashtra Convenor Devidas Tujapurkar said. "On the one side, the government expects banks to extend uninterrupted services even during the lockdown but when it comes to using local train services, banks are not considered in the list of essential service providers, which is disturbing," he added. Central Railway said that around 1.25 lakh essential staff (including 50,000 on Western Railway) as identified by the state government are expected to travel by these trains. While speaking to , an employee of Syndicate Bank said, "I tried to enter Dadar station in the morning to travel to my branch in Churchgate but police did not allow me." Railways has also appealed to the public that only the essential staff as identified by the state government will be permitted to travel by selected suburban services and requested others not to rush to the stations. In a letter written to the chief secretary, Maharashtra government, Maharashtra State Bank Employees Federation (MSBEF) have requested to allow bank employees to use the suburban train services. "We earnestly request you to please extend this service to the bank employees to enable them to report to their duties regularly. This will also facilitate extending full-fledged banking services to all," the letter said. HV MR

Allow bank employees to use local train services in Mumbai: unions demand

<ul><li><keyword id="6477319" type="UNKNOWN" weightage="20" keywordseo="bank-employees">Bank employees</keyword> are protesting a proposal by the Indian Banks Association to hike their <keyword id="6356975" type="UNKNOWN" weightage="20" keywordseo="wages">wages</keyword> by only 2%. </li><li>Their last wage revision in 2015 comprised a 15% hike. </li><li>However, India’s banks are in a worse state than before, given the continued buildup in non-performing loans. </li></ul>If you’re in India, planning to use an ATM or withdraw a portion of your monthly salary this week, you might have to hold off for a few days. A large number of bank employees, all of whom are members of bank unions, are set to stage a <keyword id="6358138" type="PERSON" weightage="20" keywordseo="Strike">strike</keyword> tomorrow and day after, across the country, in response to insufficient hike in their wages. D T Franco, the general secretary of the All India Bank Officers’ Confederation, told media outlets that the number of participants in the strike would total around <a href="http://www.business-standard.com/article/current-affairs/around-1-million-bank-employees-to-go-on-2-day-strike-from-wednesday-118052900024_1.html">1 million</a>. The strike comes despite efforts by the central government to avert it. The Chief Labour Commissioner, Rajan Verma, was unable to convince the representatives of all nine of India’s bank unions - which come together under the umbrella of the United Forum of Bank Unions (UFBU) - to accept the 2% increase in their wages that was proposed by the Indian Banks Association (IBA). According to a notice issued by the UFBU, the workload of these employees has surged in recent years, given the expansion of branch networks, launch of government banking schemes and increased compliance protocols. Concurrently, their costs of living have also increased. The UFBU’s demands include a swift and adequate increase in wages as well as the inclusion of lower-level managers, who were excluded from the wage hike scheme. The IBA only awarded pay hikes to senior managers, above the Scale III level. No easy solution The last time bank employees received a wage hike was in February 2015, when wages for the period starting November 2012 were retroactively <a href="https://www.thehindubusinessline.com/economy/15-salary-bonanza-for-bank-employees/article7244522.ece">increased by 15%</a>. Employees were likely expecting a proportional hike this time. A wage hike has been due since November 2017, when the last hike agreement expired. In the ensuing months, the 2% hike proposal has been discussed and rejected, with employees <a href="https://www.livemint.com/Politics/NRQ1kZlB7vVaUe2ICcsKKK/Bank-employees-unions-reject-2-salary-hike-threaten-strik.html">threatening a strike</a> if the proposal wasn’t revised. Given the build-up in non-performing assets, slowdown in lending and widening losses, India’s banks aren’t in the best of health at the moment. Hence, a larger wage hike will only hurt their finances more. However, as the UFBU argued, employees can’t be forced to bear the burden of India’s bad loan problem. The IBA has no choice but to negotiate an increase in wages - one that is not only acceptable to all striking employees, but that is also feasible for all banks. It will be a tricky balancing act.

Nearly 1 million bank employees in India are set to go on strike this week

Employees of <keyword id="6354731" type="CITY" weightage="80" keywordseo="State-Bank-Of-India">State Bank of India</keyword>'s associate banks, including State Bank of Mysore, State Bank of Patiala, State Bank of Travancore and <keyword id="143585" type="COMPANY" weightage="80" keywordseo="State-Bank-of-Hyderabad">State Bank of Hyderabad</keyword> went on a one-day <keyword id="6358138" type="UNKNOWN" weightage="60" keywordseo="Strike">strike</keyword> on Thursday. They are protesting against the decision to merge these banks with the SBI permanently. The employees demanded filling up of vacancies, increasing the number of staff in the <keyword id="157757" type="UNKNOWN" weightage="80" keywordseo="housing-loan">Housing loan</keyword> section and extending the compassionate ground appointments to associate banks, a PTI report said. 
		 
	
		The SBI associate banks employees also warned the management that they would go for a nationwide strike on June 24 if their demands are not fulfilled. They want the management to find a solution soon. 
		 
	
		Recently, talks were held in Delhi over the matter, but failed to reach a conclusion. This prompted the unions to call for the strike. The <keyword id="6452174" type="ORGANIZATION" weightage="80" keywordseo="All-India-Bank-Employees-Association">All India Bank Employees Association</keyword> claimed that 50,000 employees participated in the strike today. 
	(Image: Indiatimes)

SBI's associate banks employees on strike today

Banking services across the country are likely to be partially disrupted on October 22 as two bank unions will go on a 24-hour strike on the day. The strike has been called by All India Bank Employees' Association (AIBEA) and the Bank Employees Federation of India (BEFI) to protest against recent bank mergers, falling deposit rates and issues of job security. The Reserve <keyword id="6355303" type="DOMAIN" weightage="20" keywordseo="bank-of-india">Bank of India</keyword> and <keyword id="6354731" type="DOMAIN" weightage="20" keywordseo="state-bank-of-india">State Bank of India</keyword> will, however, not participate in the strike, sources in them said. Regional Rural Banks and cooperatives banks will also not participate in the strike as mergers do not affect them, sources said. Striking unions said they will shut the ATMs as these will be under the strike ambit.Bank of Maharashtra, Syndicate Bank, Bank of Baroda have expressed concern over their providing normal customer services. "We expect good response from all PSU and private banks," Bank Employees Federation of India (State Federation) General Secretary Joydeb Dasgupta said. SBI has claimed the impact of the strike on its operations will be minimum as most of its employees are not members of the participating unions. A SBI union leader said they are not participating in the strike and services will be normal. Dasgupta said SBI employees have offered moral support to the strike he said adding "It would have been good if SBI joined the strike".AIBEA and BEFI also oppose outsourcing of regular and perennial banking jobs and privatisation of banking industry, sources in them said. They have demanded adequate recruitment of clerical and sub-staff and urged for stringent steps for recovery of mounting bad loans, the sources added.

Banking services will be disrupted as two unions declare a strike tomorrow

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">REUTERS/Chris KeaneBank of America Corp Chief Executive Officer Brian Moynihan speaks during the Charlotte Chamber's Economic Outlook Conference in Charlotte, North Carolina December 19, 2011.</div></div></div>Bank of America's chief Brian Moynihan is thinking a lot about jobs these days. "Headcount continues to work its way down in our company," Moynihan said in an interview with Bloomberg TV earlier today. "That's the expense mantra that we all talk about."For Bank of America, which reported earnings <a href="http://www.businessinsider.com/bank-of-america-q3-earnings-2015-2015-10">that topped earnings expectations</a> Wednesday, this could mean even more cuts - or at least, elimination by attrition."When someone's job comes up and someone leaves for whatever reason … we basically say do we need to replace the job?," Moynihan said. "A lot of jobs you do and a lot of jobs you don't."At a time when <a href="http://www.businessinsider.com/jobs-cuts-on-wall-street-2015-6">paydays for the biggest names on Wall Street </a>have gotten bigger, <a href="http://www.businessinsider.com/truth-about-stagnant-wall-st-pay-2015-3">the 'middle class' of the industry is being eroded </a>as more financial services roles are being automated or eliminated entirely thanks to a mix of regulation and technology.M0ynihan pegged Bank of America's personnel costs at about 60% of its overall spending. Bloomberg's Erik Schatzker pointed out that one of his top competitors, Wells Fargo, sees personnel representing 57% of its costs. "Ours should be better," he said. <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/excel-index-match-versus-vlookup-masters-find-data-2015-9">This is what separates the Excel masters from the wannabes</a></h3> <div> <div> <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="50YnY4czr4ms1vJ7yz3xzq0excz_pUMs" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div> </div> </div> </div>

Bank of America CEO's 'mantra' should scare big bank employees

Unhappy with the Indian Bank Association’s (<keyword id="50362" type="ORGANIZATION" weightage="20" keywordseo="IBA">IBA</keyword>), rigidity in the matter of pay hike of bank employees, over nine lakh bank employees will now go on zonal strikes in December, 2014. The IBA is the apex body of all banks operating in the country. 
	 “IBA have stuck to their earlier stand of 11% despite the United Forum of Bank Unions’ (UFBU, an association of over nine bank employee unions) flexibility in scaling down the demand to 23% hike in our salaries. Consequently, the conciliation also ended in stalemate. Hence, relay strikes in December stands. This will be followed by strikes in March,” said <keyword id="2603828" type="UNKNOWN" weightage="20" keywordseo="CH-Venkatchalam">CH Venkatchalam</keyword>, general secretary of All India Bank Employee Association (<keyword id="327672" type="ORGANIZATION" weightage="20" keywordseo="AIBEA">AIBEA</keyword>) to BI India. The AIBEA is the largest as well as the old bank employee association with nearly 5 lakh employees as members. 
	 
	The bank employees had held a mass strike on November 12, 2014 as a response to IBA’s stand on wage redistribution. “The strike was a befitting reply to the rigid approach of the IBA. Two years are over and even though 14 rounds of negotiations have taken place, the talks have not concluded as the Indian Banks’ Association is not coming forward to reach an amicable settlement,” said Venkatchalam in an internal letter to the AIBEA members. 
	 
	According to AIBEA, the bank managements have cited decline in profits as a reason for their stance on pay hikes. However, the employees have rejected the claim. 
	 
	The strike held last week had massive implication on banking operations across the country. Several ATMs were not working while many banks remained closed due to the strikes. This time, the employees will go on protests on December 2, 2014 in southern region, December 3 in the northern region, followed by strikes in eastern and northeastern region on December 4, 2014. Protests will be held on December 5, 2014 in the western region of the country. “If the matter is not resolved then these will be followed by more strike actions including indefinite strike,” stated Venkatchalam.

Indian Bank Employees To Go On Strikes Over Salary Issues

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">Thomson ReutersDeutsche Bank CEO Cryan addresses the bank's annual general meeting in Frankfurt</div></div></div>Deutsche Bank's profits nosedived from €800 million to just <a href="http://www.businessinsider.com/deutsche-bank-second-quarter-results-revenue-profit-net-income-all-fall-2016-7">€20 million in the second quarter</a>.The results were impacted by a tough environment for European banks, and a range of restructuring-related charges, as new CEO John Cryan looks to clean up the bank's act. The bank took goodwill impairments of €285 million, restructuring and severance charges of €207 million, and litigation charges of €120 million. The bad news for the bank's staff: the restructuring effort may be about to accelerate. Cryan said in a statement (emphasis ours): <div title="Page 1">"We have continued to de-risk our balance sheet, to invest in our processes and to modernise our infrastructure. However, if the current weak economic environment persists, we will need to be yet more ambitious in the timing and intensity of our restructuring."He said <a href="https://www.db.com/newsroom_news/2016/ghp/quarterly-results-a-message-to-employees-from-john-cryan-en-11643.htm">something similar in a note to staff</a>:"Here I would like to speak plainly. If this weak economic environment persists, we will need to be still more ambitious in our restructuring. We will do everything in our power to accelerate the measures we have already planned."We've previously written about how Cryan <a href="http://www.businessinsider.com/john-cryan-deutsche-bank-toughest-job-in-banking-2016-5">has the toughest job in banking</a>. There are 160 projects ongoing as part of the implementation of the bank's Strategy 2020. The bank has decommissioned 500 applications in technology, and has cut the number of relational databases it maintains from 50 to four.The bank is restructuring its operations in its home market, <a href="http://www.reuters.com/article/us-deutsche-bank-branches-idUSKCN0Z9205">closing 188 branches and cutting 3,000 staff</a>. It has reached a "turning point in employee numbers", according to Cryan, with headcount falling in the quarter despite bringing in 900 staff who were previously external contractors.Deutsche Bank has exited some parts of the securitised debt trading market, and cut its emerging markets debt trading business. It is half-way through pulling out of the countries it plans to exit, and it has withdrawn from Russia.And now, Cryan is suggesting the restructuring could become "more ambitious."Deutsche Bank isn't alone in this regard. Morgan Stanley and Goldman Sachs also said earlier this year that they <a href="http://www.businessinsider.com/the-brutal-cull-on-wall-street-probably-isnt-finished-yet-2016-4">may cut more staff if the market environment</a> remains challenging.But Deutsche Bank has had a particularly tough run of late. It had to <a href="https://www.db.com/newsroom_news/2016/medien/deutsche-bank-publishes-updated-information-about-at1-payment-capacity-en-11385.htm">assure the market it could pay the coupon on its bonds</a> earlier this year, a remarkable position to be in for a bank of its size. The bank's share price is down more than <a href="https://www.db.com/ir/en/share-price-information.htm">40% in 2016</a>. Edward Misrahi, the founder and chief investment officer of RONIT Capital, said <a href="http://www.businessinsider.com/ronit-capital-edward-misrahi-deutsche-bank-2016-7">recently that Deutsche Bank was his number one short trade</a>.Cryan is unperturbed, however, and is pushing ahead. In a call with analysts, he said (emphasis ours):"At Deutsche Bank, we are undertaking as much restructuring as possible in 2016 despite the burden of lost revenues and the added expense in the year. Not to do so would simply perpetuate our structural inefficiency and delay the achievement of our fundamental goal that of returning to sustainable profitability. We'll not deviate from taking tough decisions just to flatter results in the short-term. We did this in the past and it led to many failed restructuring."</div> <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/50-cent-debt-bankruptcy-court-creditors-2016-7">50 Cent will pay $23.4 million to creditors over the next 5 years -&#xa0;here's how he made and lost millions</a></h3> <div> <div> <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="VlbnI2djrZXIh9tIkLc68cC984sL8GSb" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div> </div> </div> </div>

Deutsche Bank's CEO just said something that should frighten the bank's employees

<ul><li>YES Bank is looking to hire after its workforce shrank by 1,000 employees since March. </li><li>The private sector bank is mostly looking to hire for digital, marketing and credit underwriting. </li><li>In an exclusive interview with Business Insider, <keyword id="2643328" type="ORGANIZATION" weightage="20" keywordseo="Yes-Bank-CEO">YES Bank CEO</keyword> and MD Prashant Kumar shares what the bank is looking for in its hunt for new talent.</li></ul>The number of total employees at YES Bank has come down by almost 1,000 since March, but that is at par with the private sector entity’s natural rate of attrition seen every year. The good news is that it's on the hunt for new talent with an impetus on digitalisation, marketing and credit underwriting. “Wherever there is a shortage, we are hiring,” said YES Bank’s CEO and Managing Director Prashant Kumar in an exclusive interaction with Business Insider on a #HangoutwithBI Twitter live. The dip in the bank’s workforce was not because of layoffs, but because people had quit voluntarily. “Some of them had put in their papers in early 2020. We did not replace them,” said Kumar. According to him, YES Bank is now looking to push on digitisation, which has become more relevant in the COVID-19 era. “We have tried to streamline processes. With less number of workforce, we’re able to do more,” he said. <table style="border-width: initial; border-style: none; width: 468pt; table-layout: fixed;"></colgroup></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;">Transactions </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 </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;">Digital channels </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;">90% </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;">Bank branches </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% </td></tr></tbody></table> YES Bank also pivoted to adopt a method to digitally onboarding customers, both in terms of liabilities and on the loan side, due to COVID-19. “Customers can open a digital account through video KYC. With very few employees and small costs we are able to acquire,” said Kumar. YES Bank is hiring Most companies, YES Bank included, weren’t too aggressive about hiring when the coronavirus pandemic initially broke. The reason YES Bank is back on the wagon is that it wants to grow and have the right people in place before the next financial year kicks off. “Hiring is something that takes a little bit of time in terms of getting the right kind of person, onboarding, and getting the person ready for the specific role,” explained Kumar. Employment opportunities and job vacancies at the bank can be found on its <a href="https://www.yesbank.in/work-with-us/career-opportunities">official website</a>. YES Bank is looking for candidates who are innovative, have basic skills, work hard, would like, and to pursue a career in banking. However, Kumar points out that a certain minimum level of experience is required. Here’s a quick look at some of the posts that YES Bank is looking to fill: <table style="border-width: initial; border-style: none; width: 468pt; table-layout: fixed;"></colgroup></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;">Post </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;">Department </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;">Location </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;">Senior Vice President </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;">Business and Digital Technology Solutions Group </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;">Mumbai </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;">Vice President </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;">Business and Digital Technology Solutions Group </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;">Mumbai </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;">Assistant Vice President </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;">Business and Digital Technology Solutions Group </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;">Mumbai </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;">Senior Manager </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;">Business and Digital Technology Solutions Group </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;">Mumbai, Gurgaon </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;">Senior Vice President </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;">Central Data and Analytics Group </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;">Mumbai </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;">Vice President </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;">Central Data and Analytics Group </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;">Mumbai </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;">Assistant Vice President </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;">Central Data and Analytics Group </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;">Mumbai </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;">Executive Vice President </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;">Risk Management </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;">Mumbai </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;">Vice President </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;">Risk Management </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;">Mumbai </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;">Credit Quality Manager </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;">Risk Management </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;">Lucknow, Kolkata </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;">Regional Credit Manager </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;">Risk Management </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;">Delhi </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;">Zonal Credit Manager </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;">Risk Management </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;">Delhi </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;">Area Credit Manager </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;">Risk Management </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;">Kolkata </td></tr></tbody></table> SEE ALSO: <a href="https://www.businessinsider.in/science/space/news/jeff-bezos-blue-origin-is-eyeing-the-commercial-space-station-business-wants-nasa-as-one-of-its-first-customers/articleshow/78272862.cms">Jeff Bezos' Blue Origin is eyeing the commercial space station business — wants NASA as one of its first customers</a> <a href="https://www.businessinsider.in/science/space/news/school-bus-sized-asteroid-is-scheduled-to-make-its-closest-approach-to-earth-on-september-24/articleshow/78271529.cms">A school bus-sized asteroid will make its closest approach to Earth tomorrow — safely zooming past the planet</a> <a href="https://www.businessinsider.in/tech/enterprise/news/microsoft-acquires-exclusive-license-for-elon-musks-largest-gpt-3-ai-language-model/articleshow/78269391.cms">Microsoft acquires exclusive license for Elon Musk’s largest GPT-3 AI language model</a>

EXCLUSIVE: YES Bank's workforce shrank by 1,000 employees since March but now it's hiring again for the coming year

<ul><li>In the <keyword id="6356925" type="General" weightage="20" keywordseo="bfsi" source="Orion">BFSI</keyword> segment, <keyword id="2461546" type="General" weightage="100" keywordseo="fintech" source="Orion">fintech</keyword> firms lead the way with a 41% increase in their <keyword id="6357342" type="General" weightage="20" keywordseo="hiring" source="Orion">hiring</keyword> intent. </li><li>To stay competitive, companies need to foster a culture of innovation and agility, which encourages employees to experiment with new ideas and technology.</li><li>By 2023, the gap between the best workplaces and other workplaces has increased to 5%, making the adoption of best workplaces practices even more crucial.</li></ul>The <keyword id="6354778" type="General" weightage="20" keywordseo="banking" source="Orion">Banking</keyword>, Financial Services and Insurance (BFSI) sector is projected to witness a strong surge in hiring activities in the next year, with companies planning to hire 26% more employees than the current year. Fintech firms, in particular, lead the way with a 41% increase in their hiring intent, showcasing the rapid growth and impact of the industry in India's 1financial landscape, according to the Best Workplaces in BFSI in 2023 report by Great Place To Work. The fintech companies are followed by the Non-Banking Financial Companies (NBFCs) with a 27% increase, Insurance with 21%, and Banking/Credit Services with 15% more hiring prospects. Additionally, companies across the BFSI spectrum are showing increased interest in evaluating and improving their workplace culture, with a notable 12% rise in this aspect compared to the previous year, highlighting a commitment to creating a positive work environment for employees. <cmsannotation type="cmsannotation" annotationid="Employee experience differs across verticals" comment="subhead" text="Employee experience differs across verticals"><keyword id="3315184" type="General" weightage="20" keywordseo="employee-experience" source="Orion">Employee experience</keyword> differs across verticals</cmsannotation> Advancements in technology have led to increased opportunities for consumers to conduct transactions across various sectors on a single platform, blurring the lines between industries. The evolving landscape is characterised by government support, domestic demand, and technological progress. Amidst these changes, the focus on people-centricity remains consistent. Employees are now seen as enablers and facilitators in this dynamic environment, leading to a heightened emphasis on workplace culture. Over the past four years, the overall employee experience in the BFSI industry has seen a positive increase of 5 points, moving from 79 to 84. This improvement has resulted in the industry securing the 5th position in terms of employee experience when compared to other sectors. However, banking and credit companies have seen a decline in experience, while fintech companies have focussed on cultural assessment. Life insurance companies have come out on top when it comes to employee experience. <cmsannotation type="cmsannotation" annotationid="The need to adopt best workplace practices" comment="subhead" text="The need to adopt best workplace practices">The need to adopt best workplace practices</cmsannotation> By 2023, the gap between the best workplaces and others has increased to 5%, making the adoption of best workplaces practices even more crucial. Notably, the BFSI industry has experienced a significant rise of 9% in leadership behaviours associated with impartiality and active involvement in decision-making over the past four years. This indicates a growing focus on fairness and inclusivity within the industry. Says Yeshasvini Ramaswamy, CEO, Great Place To Work India, “The BFSI sector in India is one of the most important pillars of the country's economy. The industry is witnessing significant growth due to increased digitization and government initiatives to boost financial inclusion. To stay competitive, companies need to foster a culture of innovation and agility, which encourages employees to experiment with new ideas and technology.” The increased hiring within the sector highlights its resilience and contribution to economic recovery and employment generation in India.

You Searched For "bank employees" and got 10 results

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EXCLUSIVE: YES Bank's workforce shrank by 1,000 employees since March but now it's hiring again for the coming year

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