Jobs in banks
Banks are looking to recruit graduates below the age of 25 a month as ‘apprentices’. Industry lobby group Indian Banks’ Association chief executive Sunil Mehta said on Friday that banks will pay an honorarium of Rs 5,000 per month to such interns, who will be trained in specific skills during their tenure. The move follows Finance Minister Nirmala Sitharaman’s budget announcement under which the government aims to provide internships to one crore youth in top-500 companies in the next five years.
Age should be between 21-25 years
Explaining the role of banks in implementing the scheme, Mehta said, “There are many areas where we do not need skilled manpower, for example marketing, recovery. We can train them in those areas and they can create employment for themselves.” Mehta said that the candidate applying for ‘apprentice’ should be between 21-25 years of age and should be a graduate, should not be a taxpayer and should not have a degree from top institutes like IIT or IIM.
can become an employee later
Mehta also indicated that such interns, who can be hired for up to 12 months, will also be hired in other areas like business correspondents to take banking services to the last mile. Mehta said such candidates will not “disappear” after working in banks, but there is a possibility that some of them will be absorbed as employees. Mehta said the IBA had a meeting with the secretary of the ministry of corporate affairs on Thursday regarding the implementation of the scheme. He said it could be implemented within a month. He, however, did not say how many apprentices the banks would hire, but said all banks would participate in the initiative. He said there would also be government support for the implementation of the scheme.
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