The merger of 10 public sector banks to create four large banks would reduce employment opportunities in such institutions in the future, but the overall BFSI sector will offer over a million new jobs in the next three years, according banking and finance training academy BankEdge. He, however, said private sector banks would continue to hire and the entire BFSI sector still offers plenty of employment and reskilling opportunities. So, the BFSI sector in India will need an additional 1.6 million skilled workforce by 2022 as per estimates by the National Skill Development Corporation (NSDC),” Mr. Joshi said. He said while more than 50% of the jobs would need reskilling due to change in technology, 15 to 20% of the jobs would be new roles in nature. And this has proved beneficial for the BFSI sector,” Mr. Dighe said.

Source: The Hindu October 19, 2019 19:41 UTC