Excerpts from the interview with Mr. M.Balachandran :
What is the extent of talent gap in the banking sector?
In the next five years commercial banks will have to recruit almost 7.5 lakhs people. That means in five years time, more than 60% of the staff working in banks will be new. We need this scale of recruitment to provide for retirements taking care of expanding business volumes as well as the problems of attrition.
How will you address this issue?
We want to bring a kind of common admission test on the lines of CAT or GMAT which will tell the banks that the candidate has qualified and can compete on the basis of his scores.
When will the first test happen?
We are getting ready for it. It is likely to happen sometimes in August (2011).
You can read the full text of the interview by using this link