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MP Seeks 33 pc Quota For Women in Banking Sector

Karimnagar MP B Vinod Kumar has urged the Centre to extend 33 percent reservations to women in the banking sector.

Published: 22nd July 2015 04:47 AM  |   Last Updated: 22nd July 2015 04:47 AM   |  A+A-

HYDERABAD:Karimnagar MP B Vinod Kumar has urged the Centre to extend 33 percent reservations to women in the banking sector.

Vinod Kumar, in a representation to Union finance minister Arun Jaitley, urged the Centre to provide reservations for women in all public sector and scheduled banks.

Vinod Kumar said that during his interaction with women in educational institutions, a frequent demand and desire that is expressed is a career in the banking sector. ‘’A study by various human resources organisations including Randstad India has said that the banking sector will generate 7-10 lakh jobs in the next decade and will be among the top job creators in the economy.

A demographic shift is taking place and about 50 percent of the workforce in public sector banks is expected to retire in the next decade, paving way for creation of 5-7 lakh new jobs,’’ Vinod Kumar said adding that the tremendous emphasis on financial inclusion by the NDA government and the flagship role of public sector banks in this regard, the number might even increase.

Vinod Kumar, however, said the representation of women is very low in the banking sector. ‘’With so many vacancies coming up, there is a strong case for providing reservation for women in the banking sector,’’ the MP said.

More from Andhra Pradesh.

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