...
Skip to content

Govt. Bank jobs reduced, soon clerks can be outsourced too

Govt. Bank jobs reduced, soon clerks can be outsourced too
Govt. Bank jobs reduced, soon clerks can be outsourced too

REPORTED BY

Follow our coverage on Google News

Govt. Bank jobs reduced: How government jobs are shrinking in the country can be gauged from the fact that in the last five years, 50 thousand employees have been reduced in public sector banks.

After the railways, people used to get a lot of jobs in the banking sector, but the continuous merger and digitization of government banks have reduced government jobs in this sector.

However, jobs in private banks have increased during this period. In the last five years, 1.13 lakh employees have increased in private banks.

How Govt. Bank jobs reduced see data

Bank Name 2018 2022 अंतर
SBI 2,64,041 2,44,250 -19,791
PNB 1,01,802 1,03,144 +1,342
केनरा बैंक 88,213 86,919 -1,294
BOB 82,886 79,806 -3,080
UBI 78,202 75,201 -3,001
Total Employees 6,15,144 5,89,320 -25,824
Source: All India Bank Employees Association,

According to a report by the All India Bank Employees Association, there were a total of 8.44 lakh employees in 21 state-run banks in 2018, which declined to 7.94 lakh in 2022.

Bank wise, the maximum number of employees has been cut in the country’s largest bank SBI, where 19,791 employees have been reduced, the number has come down from 2.64 lakhs to 2.44 lakhs. 1342 employees have increased in PNB, there has been a cut in all other public sector banks.

Private Banks Increasing strength

In the year 2018, there were 4.20 lakh employees in 21 private banks. Whereas in 2021 their number increased to 5.34 lakh. According to the data for 2022, in private banks, HDFC has increased by 21 thousand employees and Axis Bank added 7.5 thousand employees.

Why are Govt. Bank Jobs reduced?

The main reason for the reduction of employees is the merger of banks. The central government has merged more than half a dozen banks. The number of branches has come down due to which fewer employees have started working.

The rest of the services are being outsourced and given on contract to private companies. Security guards, sanitation, and class IV staff have been outsourced. Now preparations are being made to outsource the clerk also. Due to this, fewer human resource is required in the operation of Banks. Along with this, the digital banking system has also reduced the need for manual work.

Also Read

You can connect with Ground Report on FacebookTwitterInstagram, and Whatsapp and Subscribe to our YouTube channel. For suggestions and writeups mail us at GReport2018@gmail.com 

Author

  • Climate journalist and visual storyteller based in Sehore, Madhya Pradesh, India. He reports on critical environmental issues, including renewable energy, just transition, agriculture and biodiversity with a rural perspective.

    View all posts

Support Ground Report to keep independent environmental journalism alive in India

We do deep on-ground reports on environmental, and related issues from the margins of India, with a particular focus on Madhya Pradesh, to inspire relevant interventions and solutions. 

We believe climate change should be the basis of current discourse, and our stories attempt to reflect the same.

Connect With Us

Send your feedback at greport2018@gmail.com

Newsletter

Subscribe our weekly free newsletter on Substack to get tailored content directly to your inbox.

When you pay, you ensure that we are able to produce on-ground underreported environmental stories and keep them free-to-read for those who can’t pay. In exchange, you get exclusive benefits.

Your support amplifies voices too often overlooked, thank you for being part of the movement.

EXPLORE MORE

LATEST

mORE GROUND REPORTS

Environment stories from the margins