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ICICI Bank gooing to recruit 3,500 by Q1 2010

Under CICI Bank, Expanssion Plan, Bank Sector, Stock CUES, Stock in News,

CICI Bank is back on recruitment mode, albeit cautiously, learns CNBC-TV18. However, by April next year, it will be full blown recruitment, and the bank is looking to increase its headcount by around 3500 employees by Q1 of 2010, reports CNBC-TV18's Gopika Gopakumar.

he bank is looking at adding personnel to its growth areas, like the home loan, car loan and transaction business. The country’s largest private bank has increased its headcount from 34,500 to 35,500. Officials at the bank said that the recruitments are taking place to replace attrition in the last nine months. The bank is not expecting to touch the 41,000 headcount that it had in 2007 any time soon, they said. It is looking at a balance sheet growth of 15-20% in FY11, said the bank’s officials.
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