Why The Banking Sector Headcount Hit A 13-Year Low In 2024 | Private Players Face High Attrition

[@saravanan549]

Bank employees are forced to sell credit cards and inssurances, which increases their mental pressure.

[@panku116]

Nowadays bank employees means sales man😢

[@jsk4412]

Toh kya kaam nahi karoge ? Bina Kaam ke salary Chahiye?

[@roshan9756]

❤day pehele exam nikal ke dikha uske job kar tab pta chalga​@@jsk4412

[@saswatamondal3447]

​@@jsk4412 bkl tujhe agar as a economist hire karke company bole credit card sell kar tu karega ???

[@mangomanftw5538]

bank mein kaam karne aaye he, insurance co nehi chuu​@@jsk4412

[@sul-v5p]

Low salaries for high stress job😂

[@amitm1993]

Abd high profits for Bank itself 😂

[@KuchNahiBasAiseHi]

What is to laugh about it?

[@sul-v5p]

@KuchNahiBasAiseHi too many people who has no gutts

[@abhi9250abhi]

Today working as a cashier in rular branch is one of the most stressful job. 😢 Level of accuracy required and abusive behaviour of customers

[@drrehanahsan]

If you know your worth then why are you working there, leave that work do something else

[@SelvaM-u1d]

@drre: what you are doing lazy fellow living in your father's wealth

[@abhi9250abhi]

@@drrehanahsan it's easy to do for private bank employee but if you have cleared exam after repeated hardwork in a hope of getting a stable govt job (jo pehle mil jaati thi ) but you didn't get it. Aadmi kab tak exam deta rahe acchi zindagi ke liye

[@manvendrasinghrathore4674]

@@drrehanahsan many a times people dont have options sir, my father is in hdfc he is RM. He supervises branch of half of rajasthan, many tours, highly stressful but he doesnt have enough capital to start his own DSA channel. Family is dependent on him so he doesnt have any other option after spending 20 years in this career he cannot shift easily its a tough transition. Recession is on no new jobs, even iim bangalore’s batch got only 50-60% placements

[@parthapratimghose173]

@@manvendrasinghrathore4674 dsa channel ?

[@Imsanjayramakrishna]

working as banker since 11 years because I have no option. In banking you can get 3T Tagert torture tension. People may not know what an actual banker facing but its really torture job to do every day.

[@namitarya1285]

Why not also tell how much they pay you? Why only telling negatives?

[@vm-my6hg]

It's understood, if you need to keep pushing customers on ulips and fds then it must be stressful. The leaked videos also reveal the awful environment.

[@manvendrasinghrathore4674]

@@namitarya128540000 to a branch manager 85k around to sm, 1.2 to asm 2l to rm 3-4L to vice presidents 4l+ perks to senior vice president

[@viv1650]

Transfers

[@Imsanjayramakrishna]

@namitarya1285 if someone gets paid means they have to die every day? Pay is everything then why people are leaving a job it's not about negative it's about issue should be addressed.

[@gameison4943]

They are not hiring purposefully, this year SBI posted 600 vaccancy of PO which is less than 1/3rd of usual vaccancy.

[@D.2601]

Around 2014 it was 2k!

[@SelvaM-u1d]

Because banks are planning for local bank officer recruitment no inter state transfer here after

[@himanshuutube]

Yes. Existing employees are burdened with load of work. Many of them work till 7 pm or 8 pm.

[@deepakshani1234]

It always been approx 2000 but this year it is this low​@@D.2601

[@impossibletopossible123]

Toh bhai sbija toh 14k dediye na

[@anonymousguy1785]

I thank myself for not choosing banks as career which i was considering once. I am in IT now, work here is also tough but atleast i don't need to sell credit cards and insurance to others. I see many bank employees standing outside my IT office, convincing people to buy their credit card and most of them keep rejecting them. Earlier i used to think that they were just contractors or third party but i was shocked to learn that they were bank employees. I think if you clear such a prestigious exams like IBPS and SBI than you should not be one to sell these cards.

[@deboy8706]

No ibps or sbi permanent employee will be there outside your office to sell credit cards. Their ctc /payscale is much higher than you or your bosses in IT

[@azherkhan5677]

​@@deboy8706you have no idea about anything. The salary is very far in IT

[@gameison4943]

​@@deboy8706where you are , everything has changed now .

[@gameison4943]

​@@deboy8706However I agree with you on salary and perks which is quite decent if not good

[@adityajaiswal3858]

❤❤​@@deboy8706

[@ranjodhsingh126]

They hire as a manager and treat like salesmen

[@harshchanchal354]

Worst job you can go for. Employees are literally slaves for management and government. As usual the customer or so called junta is gullible enough to jump the gun on the employee but have nothing meaningful or nothing constructive to add or ask from the government. It is true that everyone in this country is accountable except for politicians ,judges and police.

[@shashi641]

One of my friend working with Bank of India faced many harassment The entire office lacked ventilation and in summer Bank was like with 100s of people shouting unnecessary. Someone even stole her phone from bank desk.

[@Terahydron]

Pheminism 😂

[@ravipujari9589]

Surat branch?

[@aniruddhabhoyar9147]

Banking Exams are day by day getting tougher.

[@parthmalhotra4133]

And exam also😢

[@viv1650]

Transfers in public sector is huge setback for personal life of employees…government should change this

[@KuchNahiBasAiseHi]

Really? How? People in other jobs keep shifting cities. How is it different for public sector employees?

[@saikumarmangalapudi9491]

Here not between cities, It will be rural area of other states where not just you, your entire family need to learn new language, where school and proper medical facilities will not be thered​@@KuchNahiBasAiseHi

[@i1msrm]

And we have the legend Nirmala 😷

[@balakumarvm531]

THE GRASS IS ALWAYS GREENER ON THE OTHER SIDE OF THE MEADOW....... Bank jobs are not "A BED. OF ROSES" job today like what it was in the 70s, 80s, & 90s.... Both sectors witness long working hours, heavy workload, shortage of hands...leave alone attrition.... It's this dissatisfaction that affects customer service & the employee's family harmony....

[@classapart8254]

Absence of strong HR leadership and HR team and absence of a good culture. I've worked in ICICI Bank myself

[@ravikiran4512]

HR Is a managements tatto, just complain to HR about anything or anyone, immediately it will be downloaded to that person or the boss.

[@classapart8254]

@ravikiran4512 Not if management have a good vision and is peope centric.

[@shrutisubhedar501]

Work culture is like fish market , manager will shout at you in morning meeting to sell the cards , fd, LI and every other product of bank. 3rd class people working in 3rd class sector.

[@DesiHermes]

This article is shallow, a clickbait and it barely talks about any real problems.

[@SelvaM-u1d]

In PSB Tough exam after that stressful job not even home state posting atleast 500 kilometres posting is given and transfers are very frequent

[@HarshaVardhan-s1w]

Unusual targets, very high work pressure, zero work life balance, unethical practices, abusive behavior of bosses etc.,...

[@rahulvermaverma2500]

These Mint people already know the reasons yet need comments to support their findings. So here it is- 1) Public sector on a whole in last 3-5 years has had only retirements and no job vacancies. This exposes govt.s claims of creating jobs. Mergers made things worse as explained in the video. Plus the onus of work lies on these reduced no. of employees with third class technological support courtesy relying on L1 bidding!!! N due to pressure of reducing operational cost by govt., companies cannot employ or benefit these employees in excess while work hours have eaten up even Saturdays and Sundays!! There have been instances where offices were asked to remain open even on 2nd October with NO EXTRA COMPENSATION or Compensatory Holiday!! No labour laws in this Country!! 2) Private sector/banks has additional pressure of reducing operational costs with very less salaries and the onus of bringing bancassurance, credit cards, deposits and what not with never ending work hours!! And over years it is a norm in private sector to switch to increase ur salary package.

[@ourworld-vc9et]

Bank closes at 5pm or whatever their time is. It's locked. Not sure how these good for nothing hard working bank employees work hard when the bank itself is not open.

[@anonymous3433]

​​@@ourworld-vc9et it's clearly evident that you know nothing about banks. Most of the banks be it public sector banks or private sector banks, they work beyond 5pm after closing the gate at the very least till 8pm sometime upto 9pm / 9:30pm. Actual banking works starts after 5pm file clearance, loan sanction, compliance etc all are done after 5pm. Branches with footfall of 250-300+ vouchers works beyond 8:30pm. Most of the bankers do 10/11hr shift everyday. Sometimes they also even work on public holidays that too without any compensation.

[@rahulvermaverma2500]

@@ourworld-vc9et Speaking of only banks, Not all are hard working, but yes most bank managers are and they get to leave office around even 7pm even in rural areas!!

[@zxz5044]

​@@ourworld-vc9et Bank work begins after 5 PM, it's just closes for customers

[@warrioracademy8158]

​​@@ourworld-vc9et its 4 sir, at 4 the teller will leave the cash at his counter, left for home.. 😂😂 finished his day. Manager will lock and left the tasks unfinished.. Official work hours for attending customer finishing at 4. Not the bank, real war starts after that.

[@abhayxo]

Very true, as I have been a victim of this exploitation as well by one of the PVB's.

[@skyabhinav1]

I worked in HDFC bank once in IT every day I had to hear M.C B.C ki galli, no proper way of working and chaos all over why would anyone want to work in such organisations

[@namitarya1285]

Because not everybody has option to switch employers so easily. Money is far more valuable for many people

[@sidhantnaween9926]

Public sector bank employees committing suicide because of work pressure and staff shortages

[@ourworld-vc9et]

Good for the nation.

[@alystero8838]

Wait till you work for a private sector bank...

[@sidhantnaween9926]

@@ourworld-vc9et same I wish for you and your family

[@sidhantnaween9926]

@@alystero8838 Mehnat karna jante he Kuch na kuch toh kar lenge, tumhare tarah Dharti pe bojh nahi he

[@jishan5881]

​@@ourworld-vc9etsame for your son or daughter

[@riteshsingh-kh4kb]

Extremely low salaries ...are the main reason...all private banks used to give 25 k starting in 2014 and even after 10 years this remains the same but the profits of private banks have gone 4 folds.

[@marketleader6357]

toxic work and huge load on bank emplyee thatbis private bank. sbi bank emplyees tgey will work 60 year

[@shraddhakumbhkar4024]

It is disheartening tht a platform like mint has not even tried to research about the reasons of psb employees quitting their jobs... These people have no idea of whts going on... Just posted a generalised essay which even a 10 yr old kid could recute

[@nuukizmir]

The government approves very high salary and allowances to RBI, NABARD, SIDBI employees in comparison to other govt. departments and public sector banks where work pressure is very high. This is a discrimination.

[@ourworld-vc9et]

True. Just leave the job and work in RBI, NABARD or SIDBI.

[@sreenathgopinathan4002]

😂😂

[@rohitgautam6693]

Conventional logic means that increasing business will need more staff but in psbs this logic works in inverse

[@theoptimisticbanker5001]

This year sbi is hiring only 600 po all over india .

[@joramnikam4063]

High stress job...no time for the employee and their family. Shit job even in public banks like SBI and RRBs

[@infinitivjap]

Simple one word that ruined banking sector Target🎯 the word which instead of bringing good ruined work environment, morals and ethics finally made an employee looking fool before customer,every bank employee know what this word is😔😞

[@vipulverma2665]

You have very poor industry knowledge especially PSBs. Hence your report is misleading. You don't have simple knowledge that post NPS, PSB employees actually themselves finance their pensions with no fixed pension guarantee the lure of OPS has vanished. Secondly PSBs transfer their officers to semi urban & rural areas. This is not what Professionally qualified officer employees viz CA, MBA, Btech, MCA will accept. Since the private sector Banks offers much higher pay packages to specialist roles like Credit, forex, IT, Risk, legal & compliance.

[@prajakt0789]

They are recruiting less. Otherwise there is no dearth of civilized labourers.

[@tarakbabu2784]

If at all this govt looses power it's just bcoz of this FM

[@UdhayaKumar-p6e]

Nirmala sitaraman do these things to consent modi and BJP senior leaders she is not only one decided everything

[@cvsvlogs6329]

Even I'm bank employee,Work pressure and targets are un scientific,they expect us to work 24*7*365days

[@BitterTruth-h3b]

If Newton or Einstein were hired in banks these profit oriented private banks have made them to sell insurance and credit card. I was teller and l eft private bank in last month due to the pressure, torture and humiliation for selling insurance where manager clearly says ignore operations work and compliance and focus only on targets and selling

[@vinusaravanakumar]

I too resigned PNB bank PO job..

[@Amritanshu0]

where are you doing job right now

[@manas872]

Recently I resigned from the ICICI Bank after working for two years. The reason behind my resignation is bad working culture and mental harassment.

[@RGopiKrishna]

money and competition ruined our lives

[@AdityaSharma-zu6ou]

Lowest salaries with personal attacks & humiliation for highest pressure jobs 😢

[@Anurag_Saxena]

Employing overqualified candidates increases attrition rate. Rest is history.

[@popu2322]

Government should impose more tax if attrition rate is above 10%.

[@ravimishra6229]

Posted 1600km away from home, transfer policy is worst in PSBs

[@pednekarsukumar2590]

Pvt Sector banks today are not engaged in banking, they are brokers more than banks. Employees are pressurised to sale products (MF and Insurance )not suitable for customers but earn more income to banks. Salary for fronk desk and sales teams are earned through AMU's and Insurance Co's banks and employees work free for banks. Exploitation and very toxic work culture leads to attrition in pvt banks. Pvt banks are very bad paymasters for the front desk employees as compared to the financial risk and customer abuse faced by pvt bank employees this is also another reason gor attrition.

[@KICK839]

Hehe i got this video in recommendation after clearing the bank exam only today.......

[@dogaredeemer2711]

Digital Bharat. Digital Money and now Digital People. Go Digital bro

[@yolosk]

and companies who will control digital eco will be your masters .

[@anunay1718]

Bonder labour in the name of officer thats why

[@prathaps8974]

There are many reasons 1. Nationalised banks are not recruiting 2. The private sector is the worst place to work. 3. No learning in private banks only marketing 4. Salary is very very less compare to govt banks. Huge politics, employees will give false promises or avoid telling the full details of the process. 5. Toxic work culture, microscopic micro management. There are many. Not the best place to work or select this profession. If the person's age is 40 to 50 then he will be treated as football.

[@aypuaypu5107]

Heavy targets , rude words using HR , no growth

[@ftrhf]

Daily 2 time tonic ki tareh gali sunte hai.

[@ankitkumarkumar5161]

Due not work life balance. High pressure to sell third party products. Over time working hours. Especially in the private sector. bank

[@sjrecycling4287]

This report is completely invalid as the same situation of work pressure and job insecurity looms over public sector banks and the attrition rate of public sector banks is also increasing Fact check your report before posing a wrong image

[@deboy8706]

No job insecurity in public sector.

[@Imsanjayramakrishna]

​@@deboy8706 no job insecurity means you can die everyday for 30 years, I was worked for pvt bank grameen bank and now working with public sector bank it's really hell.

[@mr.a1183]

I am also preparing for other government jobs, want to left bank as soon as possible...

[@mishranimesh]

Customer ko bas bahar se lagta hai ki boht easy job hai 4 baje tk hai bs... But unhe kya pta 4 bje ke baad kya hota h andar mai officer hu or 8-9 baje tk normal days me rehta hu weekends me b aana pd skta h

[@Yo_uj]

Banks want to aquire talent ad if they were to hire astronauts, and then the real job turns out to be stupidly simple. Take money and give money. When all the heavy lifting is to be done by computers, why do need a shakuntala devi as a clerk.

[@Arun-tw1te]

Whats happening to indian economy....did we made bigger mistake voting third time and keeping uneducated Corporate puppets who doesn't know basic economics 🤔 We are heating different news and connecting all dots giving some news on economy and status

[@Nimdagorastellme]

😂😂😂😂

[@divyanshshukla1377]

Most toxic career to choose, no stability and job security 😢😢😢😢😢

[@Prashant51424]

Every PSU banker also want to leave a job but just because of security and of society they are not leaving PSU job. PSU bank job also become a selling job. Where even PSU banker are forced to sell policy of insurance and misselling other things

[@D.2601]

1:50 excuse me Sir r u living in the year 2000? Cuz u mentioned PENSION…what pension? It’s dignity which is now ONLY for politicians not these best brain of our nation that cracked hard exams & r gonna slog for 3decades.

[@anandsingh7553]

Toxic Work culture. Work Life Balance is at risk.

[@shrutisubhedar501]

I am so happy that i opted out of race of IBPS /SBI PO and later quit my pvt bank job. Banking sector is worst to work for. Usse accha ghar pe baitho aur ghar ke 2 kam krlo.

[@Livinginthemoment-f4h]

Now what are u doing is any other career plan u have?

[@jyotiprakashsethy794]

Now isko lukhha bolajayega bole to berojagar lukhaa 😂😂

[@rukminik8190]

Let them leave there are lot of unemployees let these people increase general merit age limit to 35 to 40 they get lot of good people

[@akashkumar67897]

Banking employee bank main job majboori main karta ha...my Brother in law worked in Icici for 5-6 years but due to a lot of work pressure, unrealistic targets and no growth opportunities made him leave banking sector and Start his own business. Now he has a turn over of aroung 30-50 lac from his business.

[@marutichawan7911]

Which business

[@akashkumar67897]

@marutichawan7911 he started import export business.... Exporting Indian stuff to other countries..

[@rajeevak56]

Workload and higher authority mental torchure

[@Mahi9tube]

They aren't quitting it is the lowest number of vacancies being filled

[@otherssingpuree1779]

Absolutely no holidays, working on festivals and weekends without additional pay. 11 hour + work days. Vacations being denied at last moments. Stuck in remote branches away from family and friends. Management grinding you with targets in insurance for better posting. Private banks having targets to take away PSB business. Basically Shri Narayan Murthy's principles being followed.

[@anubhavchitrey169]

Bank employees are under constant pressure of sales targets, and payout is low. What other options do they have ? Government's destructive financial policies and inflation have left little to no money with middle class to invest in bank schemes.

[@ftrhf]

Kum hai pichhle sal attrition 40 tha private me.

[@dpp4732]

Low salaries with high pressure and more than 12 hours jobs

[@PM-no4ty]

Private banking is the worst career choice..... credit card bechne bolte, account open krvane lgate 😂😂😂😂😂

[@kuwardsp4731]

We r dying in SBI😢 Frustrating high-level.. workload horrible 😢

[@ejajahmed5796]

Pets shd be given Aadhar & PAN Card so that private banks can open their account.

[@mukulgupta3338]

Govt Bank jobs are worst

[@mayur9017]

1:51 - no more pension. only NPS

[@Mohittiwariji]

Staff shortage is biggest issue in public sector bank, our profit increased, our customer base invreased, our work increased but staff decreased. Why? Because modi government want to sell these banks to their gujrati businessmen.

[@SGSAgri]

Bank profit me he lekin new vaccancy nhi nikal rhi ,sara ka sara बोझ बहुत कम employees pr ata he etna pressure kon handle Karega

[@hemantparakh6462]

Certified Banking Professional should be Introduced over the ₹500 Scale of Bachelor of Bank Management Course

[@rahulbmsdgenx]

5 days banking must, and very poor transfer policies,

[@BTT218]

Bank is torture for employees

[@mrreview2261]

It's all about people perception as getting a government job means no work and get paid.

[@amanabhishek4720]

Worst job of govt banks..

[@ayussingh4430]

Illogical postings with no fooding and lodging facilities.......

[@nkkumar9284]

Bank job is like slave staff shortage new changes in banking industry Most shortage in sbi

[@pankajkumarvishwakarma2712]

Perfect

[@pawankhurana1345]

Still lot of automation required in banks, we do not disgruntled employees at banks especially Sarkari Government banks, instead have good call centre employees, monitor their calls , and give them knowledge and training so that more than 90 % Customer going to call centre asking for customer care personal should be available fast and not long queues in answering machine, please stop answering machines and use human beings, answering machines waste lot of our time

[@ComunistaIndio]

But our Govt will say because they're getting rich😂😅

[@stsunnysingh4]

High pressure job

[@lonewolf73837]

Is ibps clerk a good career option?? Plz reply anyone 🙏

[@Rk12-w8n]

Filtered the worst employees, nice attrition

[@bishwajeetdutta7356]

Because they are forced to sell insurance. They have become bima agents now

[@pranav220680]

Recruitment nahi ho raha

[@subhroroychoudhury5648]

Biswaguru effect

[@rohitdigarse]

Target Target Target 😂😂

[@tgunasekhar]

The govt should free PSU banks and privatize them to improve efficiency and accountability. Job security in govt sector is the root cause of all corruption, inefficiency and lack of accountability. The day govt stops being employer and removes job security from all it's depts India will rise in global arena. Right now even a peon will have the confidence that nobody can touch even his hair, no fear of consequences of wrong doing, no accountability on performance or deliverables. Public sector is the bane of India.

[@sreenathgopinathan4002]

At least , Govt of India should reduce the retirement age from 60 years to 55 years. That will bring about a welcome change.

[@amitbagmare9289]

You know nothing bro

[@robindscarlet9805]

That confirms you have never heard the word 'Termination'.

[@sreenathgopinathan4002]

@@robindscarlet9805 PSU banks follow government rules and regulations for appointment and maintenance of the man power. Termination of manpower is not so easy as compared to the most private sector. Average age of joining is around 25 years. Based on service, salary increases. Reduction of retirement age is a good option from the perspective of financial / salary outgo .

[@arpanchakraborty8306]

I mean psb's profit is at all time high right now , not a single public sector bank is under loss, so don't think govt will loose it's cash cow , and tbh psb employees are highly knowledgeable because of the competition they faced before selection and the curriculum and rigorous training after selection

[@mohanprasadhsena217]

May be juniors will get more vacancies 😅😅

[@alystero8838]

Who the f leaves government job😮😮😮

[@awadhkishor9629]

Govt sector me job krna muskil kr do...fir koi govt job me nhi aayega...govt companies band ho jayegi ...Aur Godi Media aur uske papa ko santushti mil jayegi .

[@sundalmurugan4208]

apppaartunities - haha, jokers and their pronunciations!

[@NalandaVoyage]

After long period of laziness they are asked to work ad drive business. thats why. pehele kaam kahan karte the. sarkari naukri mil gayi mufty baan ke khaate the.

[@Swordfish380]

ONLY ONE BANK 😂😂

[@SB09-m2n]

IBPS

[@prateekbhojwani3419]

Shut up which bank gives pension. Update your knowledge before making videos

[@bhabhu20]

Clickbait..