IDBI to hire over 650 people at managerial level

IDBI to hire over 650 people at managerial level

New Delhi: Country’s leading public sector lender Industrial Development Bank of India (IDBI), will recruit 652 people at managerial level, even as most of the financial institutions globally are handing out pink slips as part of their cost cutting measures.

The bank is planning to hire as many as 256 managers for its retail banking business, while it plans to add another 220 managers in the SME financing division.

Besides, it is also looking to recruit 176 assistant general managers for the SME financing business.

Till March 2008, IDBI Bank already had a combined employee base of 8,989, including professionals from the fields of accountancy, management, engineering, law, computer technology, banking and economics, as per data available in the bank’s website.

The bank has encouraged willing candidates to apply online and fixed the last date for application submission by mid of the next month.

On the other hand, the largest lender of the country, SBI, which announced to create 25,000 jobs this fiscal, is also hiring for its associate banks. Over 200 people have already been selected for the final interview round.

“For the last so many years, the bank has not been recruiting people. I understand the problem. This year, we are recruiting 20,000 in the clerical cadre and 5,000 supervisory staff," SBI Chairman O P Bhatt had earlier said in a meeting of the banks officers association.