New Delhi: In the midst of large-scale layoffs within and outside India due to economic slowdown, the country’s second-largest public sector lender, Punjab National Bank, plans to hire 1,000 people in the current fiscal, but none would be at entry level.
“We will certainly do lateral recruitment at various levels ... 1,000 people would be recruited (this fiscal),” PNB’s executive director Nagesh Pydah said at the sidelines of a conference here.
Besides, the bank also plans to expand its branch network by 10% in 2009-10, Pydah said. It has 4,600 branches across the country.
However, he said there would be no recruitment at the entry level as the bank has sufficient staff at that level. The bank’s employee strength currently stands at about 58,000 people.
Incidentally, the bank has also initiated the process to recruit 738 employees, include management trainee, clerks, security officers and specialised professionals with law, finance and economics background.
Another public sector lender Bank of Maharashtra is also planning to recruit 600 staffs this fiscal, which include IIM graduates, chartered accountants and cost accountants.