Private sector lender Federal Bank has aimed to hire as many as 1500 employees to its circle in 1 or 2 years tenor. The recruiment would mostly be for the post of probationary officer (PO).

Superannuation is taking place at a high pace and nearly 1000 employees of bank are retiring, informed Executive Director of the bank, Mr Abraham Chacko.

"The banking industry had witnessed massive recruitments during the post-nationalisation period. A majority of these employees are due for retirement over the next two-three years. This is a huge challenge for the industry," Mr Chacko said.

"We are looking at scaling up our branch network from 825 at present to 1,000 by December 2012. We need manpower to man these branches," Mr Chacko added.