Expanding To Smaller Towns: 5,000 More Staff To Be Recruited Within 3 Months By Small Finance Banks

Small-finance banking services majors AU, Ujjivan Utkarsh, Suryoday and ESAF, would recruit about 4,000-5,000 people in smaller towns within March this year, reports Economic Times.

The pace is hiring small-finance banks is quick as most of the banks are in the final lap of opening branches.

"Expanding the footprint is leads to more employment generation and relocation opportunities for people who wish to work at their home-towns,” said Sabyasachi Chakraverty, business head of TeamLease was quoted saying by ET.

The diversification at these small finance banks into areas such as two-wheeler financing, affordable homes, and SME financing requires a new talent pool. “Small finance banks have intensified their recruitment drive creating job opportunities in smaller towns and cities,” Chakraverty added.

AU Small Finance Bank is looking to hire about 1,500 people in the next three months, while Ujjivan would recruit about 600 people. However, ESAF would hire 500 people, and Suryoday almost 250 people.

“We have been hiring mostly for our growing branch banking network, and SME lending business,” Samit Ghosh, Managing Director of Ujjivan Small Finance Bank said. With 464 branches, Ujjivan has hired 5,729 people in the last nine months to take the current staff strength to 14,304.

These banks are hiring both fresh graduates and experienced bankers. According to TeamLease, the jobs include those in the field of analytics, investor relations, operational risk, and branch management..