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Industrial Development Bank of India will hire about 1,000 finance professionals over the next few months to meet business expansion needs and also bridge the skills and experience gaps resulting from attrition.
About 500 people left the bank over the last 7 to 8 months. This level of attrition is in line with the industry and the bank is able to deal with the employee churn effectively, chairman V P Shetty told reporters on the sidelines of a function where a credit appraisal and rating tool for small and medium size enterprises was launched by Small Industries Development Bank of India.
About 150 employees of the erstwhile United Western Bank, which merged with IDBI in October 2006, had sought an early retirement under the one-month window available for UWB employees to decide whether they want to continue working under the new management.
At present, the bank has 6,800 employees including those working with erstwhile UWB.
It will need more hands to manage the expanding branch network. The public sector bank is in discussion with the Reserve Bank of India for obtaining licences to open 100 more branch.Find the job you want! Click here!
