If a bank job is your dream, the coming months are likely to see an uptick in the job offers.

    The employment opportunities in the banking sector will open up during October-November period with the Reserve Bank of India expected to issue small and payment bank licences next month.

    Headhunters said that there has been a “huge” increase in the interest from Indians residing outside the country to get back home, and are looking for mid to senior level executive posts in the banks.

    At least 40,000 new jobs are expected to be generated in the next couple of years in the banking sector alone.

    “We have been receiving piles of applications seeking jobs in the banking sector from Indians living abroad,” a Delhi-based search firm said.

    The reason for this, headhunters say, is that India is poised to grow faster than any other economy in the next few years, while Europe will remain uncertain with the Greek crisis though the US economy has started showing signs of a revival.

    “There will be thousands of fresh jobs in the banking sector and recruitment would start by October. There will be clarity once the bank licences are issued,” said Ronesh Puri, MD, Executive Access.

    “Unless an existing microfinance company, or non-banking finance company, is converting into a bank, all others would require large number of employees,” Ashvin Parekh, managing partner, Ashvin Parekh Advisory Services said.

    Job search firms also said that several employees engaged with the existing banks – both private and public – are looking for a switch.

    “There is likely to be exodus as well,” a senior executive at a large private sector bank said. Sources also said that hundreds would be tapped from the public sector banks, where most employees have to adhere to the government pay scale, which are significantly lower than the private sector.

    Small banks will be able to provide only basic banking services of acceptance of deposits and lendings. A payments bank will be able to accept deposits, issue ATM and debit cards, and allow payments and remittances. IIFL Holdings, SKS Microfinance, among others have applied for small banks licence, while Airtel M Commerce, India Post, among those have sought payment banks.

United States heads for photo finish

  • Yashwant Raj, Hindustan Times, Washington
  • |
  • Updated: Nov 06, 2012 01:03 IST

US Republican presidential nominee Mitt Romney and US President Barack Obama answer a question at the same time during the second US presidential campaign debate in Hempstead, New York. Reuters/Jim Young


President Barack Obama will visit three states on his career’s last day of campaigning for himself on Monday, before heading home in Chicago to wait for the verdict.

Republican challenger Mitt Romney has a similarly tight schedule before winding up in Boston, Massachusetts — to vote on election day on Tuesday, and wait.

Just a few hours short of polling day, the race remained tight, with Obama clinging to a razor-thin edge in new polls nationwide and in battleground states. The president was favoured by 49% to Romney’s 48% likely voters nationally in a Washington Post/ABC news daily tracker. But he led Romney by 3 points in a Pew poll. A CNN poll, on the other hand, showed the two tied at 49%.

Polls also showed President Obama got a boost for his handling of Hurricane Sandy — he appeared presidential, willing to work with opponents such as New Jersey governor Chris Christie.

The winner needs 270 of the 538 US presidential electoral college votes. Obama got 365 electoral college votes in 2008, to 173 of Republican candidate John McCain.

If Obama wins, he will continue the general tradition of incumbents winning a second term, with a few exceptions —Democrat Jimmy Carter and Republican George H Bush.

Hours to election day, neither candidate nor their campaigns was considering the prospect of defeat, not when victory, as projected in polls, was just a couple of points away for both.

President Obama starts the day in Wisconsin, where he leads by 4 points, but wants to seal it. His next stop is Ohio, the mother of battleground states.

In fact, there hasn’t been a single day lately when he did not visit Ohio, where he is leading by a thin margin. He ends his campaign in Iowa, where he started his run in 2007.

Romney will be focussing on Florida, where he has led in polls; Virginia, a Republican state that turned battleground in 2008, and end in New Hampshire.

Over 30 million Americans have already voted in person — such as President Obama — or by mail — such as the first lady, through a system of early voting.

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