Post globalisation era in greater mumbai june 2006 efi – solar foundation mumbai
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Table: 6.10.3EWeightage assigned to employable skills for individuals entering Financial Sector over the next five years
6.11. DIRECT & INDIRECT EMPLOYMENT PROJECTIONS (Next five years) 6.11.1 DIRECT EMPLOYMENT FOR BANKING SUB SECTOR In lieu of the research findings and statistics derived from the sub sector, we have made the following projections on direct employment in the banking sub sector. From the figures made available by IBA on the total number of bank employees in India and using the share of Mumbai in all-India bank deposits, we have estimated figures for employment in Mumbai for the year 2000. Table 6.11.1 - A gives us the employment figures for banking sub sector in India for the PSBs, private and foreign banks and all banks (excluding co-operative banks). Table: 6.11.1 - A Employment figures for banking sector in India
(Source: IBA) Table 6.11.1 – B gives the percentage share of deposits of PSBs, private and foreign banks and all banks of Mumbai in all-India deposits. Here banks deposits include the percentage share of co-operative banks as well. Table: 6.11.1 - B Percentage share of Mumbai in all-India banks (deposits)
(Source: Bombay First) Based on tables 6.11.1-A and 6.11.1-B, we have estimated employment in PSBs, private banks and co-operative banks in Mumbai for the year 2000. Given that Mumbai accounts for 10.5 per cent of all-India PSBs share in deposits, we have taken a conservative approach and assumed that the city accounts for 10.5 per cent of employment in India. Similarly, we have estimated employment figures for private and foreign banks. The differential between the total of these figures and all banks has given the employment figures for co-operative banks for the year 2000. Based on the reasoning that SBI represents the PSBs and ICICI Bank represents the private banks and Saraswat Bank represents co-operative banks, we have made the following projections. Using the estimated employment figures for 2000, and using the growth per cent of employment as given by SBI, ICICI bank and Saraswat bank, we have arrived at employment figures for 2005. The employment of these banks for year 2000 has been taken as the base figures to make the below calculations. Table: 6.11.1 - C Number of employees in Mumbai
(* explained in private banks paragraph given below) The percentage change in employment for the period 2000-2005 have been used for making projections for employment for the year 2010.PSBsDue to VRS, conventional recruitment and halt in new recruitment, has arrested the growth of employment in PSBs at -12.7 per cent for the period 2000-2005. The trend is likely to continue due to mergers and consolidation. Given this trend, the employment figures projections for 2010 are estimated to grow at the same percentage (-12.7). Private BanksBranch expansion, greater market penetration and increased retail focus has augmented employment in private banks. The employment growth rate of ICICI Bank at 230 per cent for the period 2000-2005 reflects the evolution of private sector. (*) This figure seems unrealistic in the context of all private sector banks. As per the RBI roadmap for foreign banks, there is a likelihood of a series of consolidations within the private sector as well. Keeping this in mind and taking industry opinions, the calculations for employment in the private banks have been scaled down to from 230 per cent to approximately 100 per cent. Now, assuming that growth of private sector banks would be at 100 per cent the projected employment in Mumbai for 2010 would be 1,42,500. Co-operative BanksSaraswat Bank, the leading urban co-operative bank, witnessed a negative growth in employment during the period 2000-2005. This indicates that with more consolidations taking place in this sector, lesser scope for product innovations and a limit on branch expansion, this trend will continue. Based on this, projections for employment in co-operative banks were made at the rate of -7.5 per cent. Directory: reports reports -> Charter School Enrollment Data Annual Report reports -> Request for Proposal [insert date] reports -> Government of India Ministry of Communication and it department of Telecommunications reports -> Government of India Ministry of Communication and it department of Telecommunications reports -> 1. 2 Authority 1 3 Planning Area 1 reports -> Pricing Closing Price $3,578 (June 22) 52-Wk High $3,825 52-Wk Low $2,982 Market Data reports -> Work performed under agreement reports -> Comet Aircraft – The Worlds First Jet Airliner Fatigue Failure Background reports -> Management and functional review ministry of transport and aviation Download 2.03 Mb. Share with your friends:
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