‘Banking, financial, insurance sector to hire 3 lakh this fiscal’

‘Broking firms expected to recruit 35,000 people in metros’

The Indian Banking, Financial Services and Insurance (BSFI) sector is quite bullish on the outlook and would be hiring at least three lakh people in the current fiscal in contrast to the ‘bare minimum’ recruitment it witnessed in the previous year, industry observers said. Interestingly, financial activities among the general public have seen a dramatic increase in the last 15 months. For instance, 1.44 crore new demat accounts were added in FY21, as against 0.48 crore in FY20, according to Motilal Oswal Financial Services.