Bank of Baroda is planning to bolster its workforce by 3,200 in the next financial year. This is to meet the staffing requirements of its expanding branch network, to fill up vacancies created due to retirement, and to sustain a 25 per cent annualised growth in business.
The public sector bank will recruit 900 probationary officers (POs), 200 specialist officers (specialising in accountancy, agriculture, law, and information technology), 600 management graduates from business schools, and 1,500 clerical staff in FY2012.
BoB is in the process of completing the recruitment process for the current financial year (FY2011). As a result, over 4,000 personnel, including 1,200 POs and 2,000 clerical staff will be joining in the current and next financial year.
“The attractiveness of Bank of Baroda lies in the fact that it is one of the few Indian banks that has a large overseas presence. So, experienced officers get an opportunity to do an overseas stint. Right now, about 300 officers are posted overseas,” said Mr N.S. Srinath, Executive Director.
BoB needs personnel as its branch network is expanding at the rate of about 500 every year. Next year, the bank will add 614 branches to its network. Currently, its branch network stands at 3,277 branches.
Overseas operations
By March-end 2012, the number of overseas offices of the bank will increase to 100 from 82 now, said Mr Rajiv Kumar Bakshi, Executive Director.
In the first nine months of the current financial year, the overseas operations contributed nearly 25 per cent to the total business (of Rs 4,88,721 crore) and 19 per cent to the net profit (of Rs 2,947 crore).
The bank will operationalise its three-way joint venture subsidiary with Indian Overseas Bank and Andhra Bank in Malaysia in April.
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