Positive biz outlook nudges banks to hire for sales growth

Banks are witnessing a surge in hiring for sales staff in secured segments such as home, vehicle and gold loans as compared to the recovery category, driven by a boost in business growth, and a host of regulatory measures aimed at improving ease of doing business, according to industry experts.

- AATHIRA VARIER

In the last six months, banks have seen a 10-15 per cent increase in hiring for sales staff due to the regulatory adjustments and cost recalibration of the lenders, marking a shift from cautious hiring environment, according to TeamLease Services data.

“Hiring momentum is significantly higher among mid-sized private banks and NBFCs, which are aggressively expanding to capture market share in Tier-II and Tier-III cities. While large private banks have adopted a calibrated approach focused on technology-led productivity and cost optimisation, mid-sized players are actively growing their frontline presence to scale newer lending products and localised operations,” said Balasubramanian A, senior vice-president, TeamLease Services.