PSBs hire apprentices to bolster customer relations in rural areas

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PSBs hire apprentices to bolster customer relations in rural areas - Business Standard

Quick Summary:

Since FY14, state-owned banks have seen a cumulative reduction of 96,134 employees, while the employee strength of private sector banks has grown 2.8 times.

Another senior executive at a public sector bank noted that the recruitment of apprentices aligns with the Apprentice Act of the government.

While banks are not obligated to absorb apprentices at the end of the programme, the experience is expected to put them in a favourable position for future opportunities in the financial sector.