Federal Bank, a major Indian private sector commercial bank headquartered at Aluva, Kochi, Kerala plans recruit between 1,200 and 1,400 new staff this year. Last year, the bank added 207 branches and it has plan to sep up 150 to 200 new branches across India. However, the actual opening of that many branches will be contingent upon how the economic environment plays out and the performance of the recently opened branches, Mr Shyam Srinivasan, Managing Director and CEO, Federal Bank, the Business Line reported.
Assuming that each branch would require to be manned by four people and taking into account the number of people who retire, the bank estimates that it would need to recruit at least 1,200, he added.
The present strength of federal bank is 9,100 employees. “Around 4,200 of them are under 30 years of age; another 3,000 of them are over 30 years in experience,” Mr Srinivasan said, describing the profile of the bank’s employees.
In a few weeks, Federal Bank will cross a milestone in terms of number of branches — 1,000. It currently has 978 branches.
So, in coming years there will be Job opening at Federal Bank.