The board has approved a plan to recruit 500 officers and managers to fill up vacancies created by superannuation/attrition and also to pursue its growth strategy.
The induction is being made keeping in mind the thrust on retail and farm sector, chairman and managing director, M V Nair, said.
The bank currently has 10,000 employees, of which 3,000 are officers and managers. The fresh recruitment will also take cover specialist functions such as treasury and information technology.
The bank will need 80 to 90 personnel with information technology implementation skills as it will be installing a core banking solution in 2006-07.
The recruitment will be both at entry levels and for senior positions. The bank will also recruit about 150 probationary officers, some of them for sales and marketing and also in rural sectors.
Over 1,500 employees had opted for a voluntary retirement scheme that the bank had launched in 2001. It had posed a challenge to the bank to manage the growing business with truncated staff strength.
The fresh recruitment would bring down the average age of Dena Bank employees down from the current 46 years.
© 2025