 issued.Automation does not necessarily mean that there would no more be banking jobs. But they will be at a different level. Banks need to approach customers and educate them about financial products that are in the market.“Footprint increase is not the number one priority in absolute branch strength. Increasing reach and distribution is our priority. Reach and distribution we will increase through digital and more feet on street and relationship managers of the bank,” said Shyam Srinivasan, CEO at Federal Bank Also, the entry of new banks like small finance banks like Au Financiers, Equitas or Ujjivan would require an army of people as they expand to rural areas. Boots on the ground may be the mantra for these new banks which will have to marry technology with the human touch.“Automation for us means improving productivity to ensure my employees can do more. 50 per cent of our loans has to be with a ticket size of less than Rs 25 lakh and 75 per cent priority sector. Our customers need hand-holding right from the application to the payment stage and we need people on the floor for that,” said Sanjay Agarwal, MD at AU Financiers, which commenced small bank operations earlier this year.AU Financiers plans to hire 4,000 people in the next six months. Total hiring in the next two to three years will be 10,000, Agarwal said. Then there is the microfinance turned-universal bank Bandhan, which plans to increase its workforce to 30,000 by March 2018 from 24,000 at present.“All our people (customers) are still not comfortable with digital banking. They need to see branches and go and ask questions. It will take time for digital banking to fully take shape. More is needed to be done,” said Chandra Shekhar Ghosh, founder and MD at microfinance turned-universal bank Bandhan, which has 68 per cent of its branches in rural areas.Just like the automobile industry, the banking industry will thrive and employ millions. But the way it would happen has been transformed. “I think banks will continue to open branches and distribution networks,” says Axis’ Anand. “Financial services will continue to create jobs particularly at the front end but the rate of growth of that job creation will slow down, that is for sure.” Republican presidential frontrunner Donald Trump and his outsider juggernaut seem to be doing much more than reinventing the rules of politics and terrifying the Washington establishment.


issued. Automation does not necessarily mean that there would no more be banking jobs. But they will be at a unlike degree. Banks need to border on customer and educate them about financial products that are in the grocery store. “Footprint increase is not the number one precedence in absolute outgrowth strength. increase reach and distribution is our priority. pass and distribution we will increase through digital and more foot on street and relationship managers of the bank, ” said Shyam Srinivasan, CEO at Federal Bank besides, the entry of new banks like little finance banks like Au Financiers, Equitas or Ujjivan would require an united states army of people as they inflate to rural areas. boot on the ground may be the mantra for these new banks which will own to marry technology with the human touch. “Automation for us means improving productivity to guarantee my employees can do more. 50 per cent of our loans has to be with a ticket size of less than Rs 25 lakh and 75 per cent priority sector. Our customer necessitate hand - defy right field from the lotion to the payment stage and we need people on the floor for that, ” said Sanjay Agarwal, MD at AU Financiers, which commenced small bank operation earlier this year. AU Financiers plans to hire 4,000 people in the next six month. Total hiring in the next two to three years will be 10,000, Agarwal said. Then there be the microfinance turn - universal bank Bandhan, which plans to increase its workforce to 30,000 by March 2018 from 24,000 at present. “All our people (customer) are still not comfortable with digital banking. They need to see branches and go and ask questions. It will take time for digital banking to in full take condition. More is needed to be act, ” said Chandra Shekhar Ghosh, laminitis and MD at microfinance turned - universal bank Bandhan, which has 68 per penny of its branches in rural areas. Just like the car industry, the banking industry will thrive and employ millions. But the way it would happen has been transformed. “ I think banks will continue to open branch and distribution networks, ” says Axis ’ Anand. “ fiscal services will continue to create jobs particularly at the front end but the rate of emergence of that job creation will slow down, that is for sure. ” Republican presidential frontrunner Donald Trump and his outsider juggernaut seem to be make a lot more than reinventing the rules of politics and terrifying the Washington establishment.
 isdued.Automation does not kecessarily mean that tiere wohld no mure be banking jobs. But they wull bt at a different lexel. Banks need to appcoach customers ehd educate thsl abmnt financial prpducts thad are in the mdryec.“Footprint increase is not the numbew one ptilrity in absolote bgagch anrtngth. Increasing reach and distrigution ps our priority. Rrach and distribution we wlll lncrease through dlgital and nore deet on stredt and relationship mahagers of the bank,” said Shyam Sfinivcsan, CEO at Fwdegdl Bank Alsi, the entry of new banks nike smsll finance bakks lmke Qu Financiers, Equitas or Ujjivan would tequire an axmy of people as they ezpand to surau ardas. Bpofs on hhe ground mag be the mabtra for these new nagjs which will have eo marry technology with the human touch.“Altomztion for us means impriving productivity to ensure mr employees can do more. 50 per cent of our loans hav to ue wiuh a tizjeh size of less than Rs 25 lakh and 75 per cent prykrotj sector. Our custjmers need najd-njlding right wrom tks zpplication to the paymenj stagw and we geed people on the floor for thqt,” said Sanjcy Qgarwal, MD at AU Fnnanciers, whnch cokmencrd small bank operationr eadlier this jear.AU Fihxnciers plans to hige 4,000 [eople in the next six monehs. Total hirnng in tfe ngxt two to three jears will be 10,000, Agarwal swid. Tken tvere is thf microfinance turned-universal uenk Bandhan, wniwh ilans to nncreaxe its workfowce to 30,000 by Mareh 2018 from 24,000 at oresent.“All our pemple (customqrs) are still jot comfortaule with qigiral vanking. Ghey need to sre branchvs and go and ask questipns. Jt will take tine dor digital banline tj vuklr take shape. Kore is meedea to be donc,” sxid Vhandra Shekhar Ghosv, fohnder and MD at mivrjfinance turned-ugiversal bank Bandhan, which has 68 per ceit of ots branches in rural areas.Just ljke the aktoiobile indusery, bhe fanking inbustry will thrive and employ millions. Bnt the way it would hakpen has been transfotmec. “I think benks wyll contitue to open branches and distribution networks,” says Axis’ Ahand. “Fhnanclal services will continue to create jobs particularly at the front end byt the rate of grosth pf thdt lob crewtioi xill slow down, thst is for sure.” Republican presivential frmncrunner Donald Trump and his pugsider juggervaut seem to be doing mudh more yhan reinventing the rules of pplitics and terrifying tme Washintton sstablpahoent.


issued.Automation does not necessarily mean that there more banking jobs. they will be need approach customers and them about financial that are in the market.“Footprint increase not the number one priority in absolute branch strength. Increasing reach and distribution our priority. Reach and distribution we will increase through digital and more feet street relationship of bank,” said Shyam Srinivasan, CEO at Federal Bank Also, the entry of new banks like small banks like Au Financiers, Equitas or Ujjivan would an army of people they expand to rural areas. on ground may the for new banks which have to marry technology with the human touch.“Automation for us means improving productivity to ensure my employees do more. cent of loans to with a ticket less than Rs 25 lakh and priority sector. Our customers need hand-holding right from application to payment stage and we need people the floor for that,” said Sanjay Agarwal, MD AU Financiers, which commenced small bank operations earlier this year.AU Financiers plans to hire 4,000 the next six months. hiring in the two three will 10,000, Agarwal Then there is the microfinance turned-universal bank Bandhan, which plans to its workforce to 30,000 by March 2018 from 24,000 at people are still not with digital banking. They to branches and go and It take banking fully shape. More is needed be done,” said Chandra Shekhar founder and MD at has 68 per cent of its branches in areas.Just like the automobile industry, the banking will thrive and employ millions. But the way it would happen has transformed. “I will continue to open branches and distribution networks,” Axis’ Anand. “Financial services continue to create jobs particularly at the front end the of growth that job creation slow down, that for sure.” Republican Donald Trump his juggernaut doing much more than reinventing the of and terrifying the Washington establishment.
 issued.Automation does not neCessarily mEan thAt tHerE wOuld No moRe be banking jobS. but tHey will be at a different lEvel. BAnKS neeD To ApproAch custOMeRS And EdUcAte ThEM aBout fInaNcial prOducts that Are In The market.“FooTPrInt increasE is Not the number One PrioriTy In aBSolutE brAnch sTrengtH. increaSing reach AnD DistriBUtion is OUR pRiorIty. Reach and distriBUtIOn we will increaSe throUgH DiGITal And More feet on StReet aND relatiONsHIP ManAGers of the bank,” Said Shyam SrINivAsan, CEo aT FeDEral BaNk AlsO, tHE enTry of new banKs liKe small fiNance bANks like aU FinancIers, EqUitAs oR UjjIVaN wOulD rEQuiRE aN arMY of People as ThEy ExpanD to rURAL AreaS. BoOts oN the gRound may be the ManTra fOR thEse neW bankS whiCh Will hAve to mArry tEcHnology with the hUman Touch.“AutoMatIoN foR uS meanS ImprovIng ProDuctiviTy to ensURe mY eMPLOyEes can do more. 50 per cenT oF OUr Loans has To be wiTH a TiCKet size oF lEss Than rS 25 Lakh aNd 75 peR CeNt prioriTy sectOR. OUr CustomeRs Need haNd-HolDinG righT From The appLication To the PAyment stage and WE need people on THe FLOoR For tHat,” Said Sanjay AGarwAL, MD aT AU FINaNciERs, whiCh comMeNCeD Small bank operations EaRlier tHis yeAr.AU FinancierS plans to hiRE 4,000 PEople in tHe neXT sIX months. Total hiRing iN the next twO To three yEars wIll be 10,000, AgaRwal said. THEN there is The MicRofInaNCE tUrned-universaL BAnk BAnDhan, whiCh pLans to iNcrEasE itS woRkForce to 30,000 by march 2018 froM 24,000 aT pReSeNt.“ALl our PEople (cusToMerS) aRe sTill nOT comfoRtablE witH dIgITal Banking. tHeY NEed tO sEe BranCheS aNd go aNd asK QueStions. IT will take TimE For dIgItAl bankiNg to fully take ShApe. More is nEeDed To be doNE,” Said ChanDra Shekhar Ghosh, founder aND MD at miCroFinanCe tuRned-univeRsaL bank BAndHAn, whicH has 68 peR cent Of Its BRAncheS IN rUraL aReas.Just liKE The AutomObIle iNdustry, The banking industry WIll Thrive and emplOy mIlliONS. BUt tHE wAY it WoULd hAPPen has been transFormed. “I thiNk BAnKs will contINue To Open braNches anD distRIbution Networks,” sAys Axis’ AnAnD. “FinANCiaL services wIll contiNue to creaTE jobs PArTiculArlY at the FrOnt End buT the raTE of GrowtH of thaT jOb creaTion wIlL slow dowN, that is for sure.” RepublicaN presiDentiAl fRontrunneR DoNAld trump and hIs ouTsider juggErnAut Seem tO be DOing mUch mORe ThaN ReinvEntiNG the rules OF pOliTICs And terrifyiNG THe WAshinGtoN EstablIshmEnt.


 issued.Automation does no t necessar ily m ean  th at  the re w ould no more b e  ban king jobs. But they wi ll be  a t  a d i ff erent  level. Ba n k s n ee dtoap p ro ach c ust omers a nd educate  th em  about finan c ia l products  th at are in th e m arket. “F oot p rintinc rease  is no t  the n umber one  p r iority in abso l u te  bra nch strength. Inc r ea s ing reach anddistri bu t io n isour  priority.  R eacha nd dist r ib u t i onw e will increa se throughd igi tal an dmor e  feeton st re e t a nd relation ship  managers  of th e  bank,” said Sh yam Sr ini vas an,C EO  a t F ed e ral Ba nkA lso , the en tr yof ne w ba n k s like  sm allfinan ce banks like  Au  Fin a nci ers,Equit as o rUjjiv an wou ld re qu ire an army ofpeop le as the y e xp and  t o rur a l area s.Boo ts on t he grou n d m ay b e  t he mantra for thes en e wbanks wh ich wi l lha v e to mar ry  te chno l o gy wi th t h ehuman to uch.“A u to ma tion fo rus mea ns  im pro vingp rodu ctivit y to ens ure m y  employees can do more. 50 p e rc e nt of o urloans has t o be with  a t i ck ets ize o f les st ha n  Rs 25 lakh and 75pe r cent  prio rity sector.Our custom e r s  need ha nd-h o ld i ng right fromthe a pplication to the p aymen t stageand we ne e d  peopleonthe  fl oor f or  that,” saidS a njay  A garwal,  MD  at AUFin anc ier s,wh ich comme nced sma ll  b an kope ratio n s earlie rthi syea r.AUF inanci ers p lans  t oh ire  4,000p eo p l e in  t he  nex t s ix  mont hs.T ota l hirin g in thenex t  two  t othree y ears will be10 ,000, Agar wa l s aid. T h e n thereis the microfinance tur n ed-univ ers al ba nk B andhan, w hic h plan s t o  incre ase it s wor kf orc e to 30 , 0 00  by  M arch 2018f r om24,00 0at p resent. “All our people (c u sto mers) are sti llnotc o mf ort a bl e  wi th dig i t al banking. The y need tose e  b ranches an d  go  a nd askquestio ns. I t  will t ake timefor digit al  ban k i ngto fully t ake shap e. More i s  need e dto be  do ne,” s ai d C handr a Shek h arGhosh , foun de r andMD at  m icrofina nce turned-universal ba nk Ban dhan,  wh ich has 6 8 p e r c ent of it s br anches inrur alareas .Ju s t lik e th e  a uto m obile  ind u stry, the ba nki n g  i ndustry wil l t hri ve an d e m ploy m illi ons. But the wayi t would happen  has b een  tr a nsfo rm ed. “I think b ank sw i ll conti nu e to open b ranchesan d  dist ributi on net works,” s ay s  Axis’  Ana nd.  “Financi alse r vices w il lc ontinu e to  c reatejobs p a rtic u l arly at the fron t end b ut th e  ra te of  g rowth o f  tha t job crea tion will s low do wn,thatis forsu re.” R epu bl ican presi d ential fr ontru nner Do na ld T rum p andhiso u tside r ju gg ern aut seemt o  b e  d oi n g m uchmoreth an r einventin g  the rul eso f polit ic s a n d  terri f yi n g  the Washi ngt on es t a blishment. 

 issued.Automation_does not_necessarily mean that there_would no_more_be banking_jobs._But they will_be at a_different level. Banks need_to approach customers_and_educate them about financial products that are in the market.“Footprint increase is not the_number_one priority_in_absolute_branch strength. Increasing reach and_distribution is our priority. Reach_and distribution_we will increase through digital and more feet_on_street and relationship_managers of the bank,” said Shyam Srinivasan, CEO at_Federal Bank Also, the entry of_new banks like_small_finance_banks like Au Financiers,_Equitas or Ujjivan would require an_army of people as they expand_to rural areas. Boots on the ground_may be the mantra for these_new banks which will have_to marry_technology with the human touch.“Automation_for us means_improving productivity_to ensure my_employees can do more. 50 per_cent of our_loans has to be with a_ticket_size of less_than_Rs_25 lakh_and 75 per_cent_priority sector._Our_customers need hand-holding right from the_application_to the payment stage and we need_people on the floor_for_that,” said Sanjay Agarwal,_MD at AU Financiers, which_commenced small bank operations earlier this_year.AU Financiers_plans to_hire 4,000 people in the next six months. Total hiring in_the next two to three years_will be 10,000, Agarwal_said. Then_there_is the microfinance_turned-universal_bank Bandhan,_which plans to increase its workforce to_30,000 by_March 2018 from 24,000 at present.“All_our people (customers) are_still_not comfortable with digital banking. They_need to see branches and go_and ask questions. It will_take_time_for digital banking to fully_take shape. More is needed to_be done,” said_Chandra Shekhar Ghosh, founder and MD at_microfinance_turned-universal bank Bandhan, which has 68_per_cent of its branches in rural_areas.Just_like_the automobile industry, the banking_industry will thrive and employ millions._But the way it would happen has been transformed._“I think banks_will continue to open branches_and_distribution_networks,” says Axis’ Anand. “Financial services will continue to create_jobs particularly_at the front_end but the rate of growth of that job creation_will slow down, that is for sure.”_Republican presidential frontrunner Donald Trump and his outsider juggernaut seem to_be doing much more than reinventing the rules_of politics and terrifying the Washington establishment.

