32 private companies participate in job fair
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Patna: A one-day employment fair, 'Niyojan Mela', was held on Tuesday at Miller High School grounds by the Regional Employment Exchange under the department of labour resources.
According to an official release, 32 private companies participated, including HDFC Life, SBI Life, Shiv Shakti Agriculture Ltd., SIS Securities, Leader Autosales Pvt. Ltd., Urmila International Service Pvt. Ltd., Taj City Centre (Patna), Swiggy (Patna) and Flipkart.
This was the first job fair of the 2025-26 financial year with the next tentatively scheduled in two months. Companies conducted both on-the-spot selections and follow-up interviews.
Several candidates received appointment letters at the venue while 605 were shortlisted for further interviews. In total, 1,946 CVs were submitted.
Running from 10am to 4pm, the fair saw around 3,248 job seekers engage with various employers. Four govt helpdesks were also set up where 798 unemployed youth received career guidance.
MLA Sanjeev Chaurasia distributed certificates among 12 beneficiaries of the Kushal Yuva Programme (KYP). The selected candidates from this event will be placed in the private sector.
The fair was inaugurated by Chaurasia along with employment officers and staff from the Regional Employment Exchange.
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But it follows under a closed architecture model, which means all branches of its promoter bank, State Bank of India, operate as SBI Life branches and only sell its products. Macquarie Research said in a recent note that HDFC Life would likely be the most affected if the government overhauls distribution or bancassurance regulations, given the insurer has the industry's highest bancassurance mix, 65%, of which HDFC Bank accounts for 70-80%. 'Our focus should be on strengthening processes, not on curtailing bancassurance. We need more distribution touch points, not fewer," Padalkar said, adding that the insurer is working on growing its proprietary channel faster than its overall growth rate. Behind the move is a conviction that financial services will remain 'phygital"—a combination of physical and digital distribution channels—especially in terms of higher value and long-term policies. 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