Impact of merger, digitalization & automation on banking job vacancies
Over the years, the number of vacancies in banking jobs has decreased because of bank mergers, automation, and digitalisation. These processes have changed the organisation design, hiring process and management of employees.
Remember the old bank clerk who used to update your passbook? This is hardly seen these days. Traditional jobs such as passbook updating, cash deposit, verification of know-your-customer details, salary updation are going digital transformation thus increasing job redundancies. Banks are now implementing robotics to centralise their operations for quicker turnarounds. This has reduced the need for a manual workers at the back end.
Bank job Vacancy Trends
Discussed below are the vacancies of major bank exams announced over the years. This will help candidates to understand how the bank mergers, automation and digilisation have impacted the number of bank job vacancies.
IBPS PO
IBPS PO is conducted for recruitment to the post of Probationary Officers/Management Trainee (PO/MT). Candidates are selected on the basis of the preliminary exam, mains exam and interview. It has been observed that the number of vacancies has drastically fallen. The table below highlights IBPS PO vacancies for previous years'
| Year | Vacancies |
|---|---|
| 2022 |
6932 |
| 2021 |
5809 |
| 2020 |
4799 |
| 2019 |
4,336 |
| 2018 |
4,252 |
| 2017 |
3,562 |
| 2016 |
8,822 |
| 2015 |
12,424 |
| 2014 |
16,721 |
| 2013 |
21,680 |
| 2012 |
22,000 |
IBPS Clerk
IBPS Clerk exam is conducted by IBPS for recruitment of candidates in Clerical Cadre post. Candidates are selected based on prelims and mains exam. Check below the number of IBPS Clerk vacancies announced over the years.
| Year |
Vacancies |
|---|---|
| 2022 |
6035 |
| 2021 |
12,314 |
| 2020 |
11,463 |
| 2019 |
12,075 |
| 2018 |
7,275 |
| 2017 |
7,883 |
| 2016 |
19, 243 |
| 2015 |
30,000 |
SBI PO
SBI PO exam is conducted by the State Bank of India for the recruitment of Probationary Officers in its various banks. Candidates are selected based on prelims exam, mains exam and Group Exercises, and Interview. Check below SBI PO vacancies for the previous years'.
| Year | Vacancies |
|---|---|
| 2021 |
2056 |
| 2020 |
2000 |
| 2019 |
2,133 |
| 2018 |
2,000 |
| 2017 |
2,313 |
| 2016 |
2,200 |
| 2015 |
2,000 |
SBI Clerk
SBI Clerk exam is conducted for recruitment to the post of Junior Associates (Customer Support & Sales). The selection of candidates for this post is done based on prelims and mains exam. Candidates will also have to appear for the local language test. Check below SBI Clerk vacancies for previous years'.
| Year | Vacancies |
|---|---|
| 2021 |
More than 5000 vacancies |
| 2020 |
More than 8,000 |
| 2019 |
8,593 |
| 2018 |
7,200 |
| 2016 |
More than 17,000 |
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