Banking, financial services need 1.6 million skilled workers by 2022

Banking, financial services need 1.6 million skilled workers by 2022

As per the estimations of National Skill Development Corporation (NSDC), Banking, financial services and insurance (BFSI) sector in India will need an additional 1.6 million skilled workforce by 2022. The BFSI sector is expected to create additional employment of over 1.6 million during 2013-2022. The impact of banking penetration, expansion through branches and business correspondents (BCs) is likely to generate significant employment opportunities in the sector. Among public sector banks (PSBs) accounting for more than 73 per cent of the hirings. BFSI sector saw increasing use of alternative channels, such as ATMs, mobile and internet banking, which have added to the incremental human resource requirement in the sector.

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