Indian banking professionals' demand grows 25% in Africa, UAE

MUMBAI: There is up to 25 per cent rise in demand for Indian banking professionals in the global market, especially from Africa and the United Arab Emirates (UAE), as firms seek to cash in on their experience, leading human resource firm GlobalHunt has said.

"Many companies in Africa and UAE are trying to attract Indian banking professionals, as they can handle volumes and have seen the full life cycle of banking in India from various transactions," GlobalHunt India Director Sunil Goel told PTI.

There is 20-25 per cent increase in demand mainly for functions such as relationship management, sales and marketing, new product launch, back and front office operations and technology support across all levels, he said.

At present, companies in these regions are offering 15-20 per cent hike on their current salaries to these banking professionals.

"Increment in country's currency is attracting Indian banking professionals to explore these markets," Goel said.

These companies are offering double compensation and professionals are interested in taking up such assignments for new challenges, exposure, attractive compensation and saving potential, he added.

In Africa, Kenya, Nigeria and South Africa are major countries where Indian banking professionals are in demand at leadership level.

Meanwhile, in the West Asia, Dubai, Abu Dhabi and Saudi Arabia are keen on hiring banking professionals from India, GlobalHunt has said.