CENTRAL BANK, VIJAYA BANK TO HIRE AROUND 4,000 THIS YEAR

Central Bank of India and Vijaya Bank have chalked out their recruitment plans for the current financial year and will take in about 2,500 and 1,500 employees respectively.

Mr S. Sridhar, Chairman and Managing Director, Central Bank of India, told Business Line that the bank expects to recruit about 2,500 employees for the current financial year. The bank had recruited about 1,500 last year.

Asked if the bank was not already over staffed, Mr Sridhar said the bank has an ageing workforce, with the average age of employees being more than 50 years. Central Bank has about 35,000 employees and a total business of Rs 3.09-lakh crore.

The bank needs branch managers to be below 40 years, which gives scope for promotion and helps drive growth of the bank, he said.

VIJAYA BANK

The bank will recruit 1,500-2,000 as clerks and officers during the current financial year, said Mr Upendra Kamath, Chairman and Managing Director, Vijaya Bank.

Currently, the bank has about 11,000 employees. Vijaya Bank had garnered a total business of Rs 1.2-lakh crore for the financial year ending March 31, 2011.

The bank expects to add 100 branches to its existing network of 1,200 and another 250 ATMs this year

SOURCE: http://www.thehindubusinessline.com/industry-and-economy/banking/article2063095.ece