Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Companies / ICICI Bank to hire 6,000 people in FY12: Kochhar
BackBack

ICICI Bank to hire 6,000 people in FY12: Kochhar

ICICI Bank to hire 6,000 people in FY12: Kochhar

Premium

Mumbai: Country’s largest private lender ICICI Bank will recruit up to 6,000 people this fiscal to help its business growth and expansion, a top official said on Friday.

“Our business is growing between 18-20% and we are also adding branches...it’s expected that we would hire between five to six thousand people in our workforce," the bank’s managing director and chief executive Chanda Kochhar told reporters.

Most of the recruitments will be at the entry level and will be done either directly or through institutes training graduates in banking and insurance where the bank has tie-ups, she said.

Asked about the Banking Ombudsmen’s recent suggestion to ban pre-payments charges on floating rate loans and how ICICI Bank will be gearing up for it, Kochhar said, “I think it’s a recommendatory discussion about action points. So we should wait for the clarifications to emerge."

Though the suggestion of the Banking Ombudsmen are morally suggestive in nature, it is generally accepted by the banks. Technically speaking, their suggestions have to be followed up by a circular from the RBI.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 09 Sep 2011, 01:12 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App