mumbai undeterred by the economic downturn and lower sales volume stateowned banks and indias largest insurer life insurance corportaion lic have initiated steps for recruitment of around 45000 people this financial year lic plans to strengthen its workforce by hiring 10000 people by march lics md a k dasgupta saidslowdown will not pose any hurdles for lic to strengthen our team as the corporation is on an ambitious expansion mode nearly 10000 professionals will be recruited by the end of this fiscal dasgupta said the insurance major which has a 78 market share in terms of total premium has already kicked off the recruitment processthe corporation plans to induct around 5000 professionals in its marketing while the remaining will be placed in its administrative divisions dasgupta said similarly sbi has started headhunt to support its fast expanding network by planning to hire about 20000 clerical staff and around 5000 supervisory staff by the fiscalend the bank said other major public sector banks which have huge hiring plans include union bank of india bank of baroda indian overseas bank and bank of india and punjab national bank pnbpnb will hire 2000 persons with specific skills in the next four months its cmd k c chakrabarty said we will be recruiting about 2000 people in current fiscal i need specific type of skills i require people for the credit treasury corporate communication and marketing he saidhe said the bank will be recruiting more people next year to cater to the growing business and also to make up for the people who would be retiring it recruitment will be more may be my reduction of staff will be more than 2000 next year he said adding my number will not go up but still i will be hiring the people many people will be leaving me i have to replace thempnb announced plan to hire 377 managers and officers to support its expansion plans the bank has invited applications for post of chief security officer assistant general manager treasury chief manager treasury and other officers and managers