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

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

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.