NEWS & ADVICE : SAVINGS ACCOUNTS
IDBI Bank to add 150 branches, 2000 employees next fiscal
By Neelima Shankar
Mar 8, 2013
Print    Email    RSS   

The public sector bank, IDBI Bank is planning to add another 150 branches and around 2,000 employees in financial year 2013-14.

Of the new 2,000 recruits, 500 would be for replacement and attrition and around 1,500 would be recruited as staffs for the bank's new branches.

"We have an advantage of being a young organization with very few about to retire," said Mr. R. K. Bansal, Executive Director, IDBI Bank.

The average age of IDBI Bank's employees is 30 years, which, Mr. Banal said, was lower than its peer set.

An attrition rate of 5-6 per cent for a PSU bank such as IDBI is on the higher side, but Mr. Bansal pointed out that a significant number of its employees were on contract.

With a predominant presence in urban areas, IDBI bank now looks to open more branches in rural and semi-urban areas to facilitate financial inclusion and priority sector lending.

As of end-December, 63 per cent (645 of its 1,019 branches) was in the urban areas. As of March 31, 2012, the bank's total staff strength was 15,435.


 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Savings account portability: How...
Credit profile and its effect on loan...
Carnival of Indian Personal Finance Blogs #1
Carnival of Indian Personal Finance Blogs #6
12 point conduct checklist for bank and...


How many balance in my account ac.no.61082702523
Chack a/c hukmaram 61181815036
i want to know my a/c balance a/c no. 060810100073003
My account no 62308530052 plz chek my balance
MY A/C NO IS 0626000105038319 PLEASE SHOW MY BALANCE
how to check balance without internet banking just...

NEWS THIS WEEK
Vijaya bank revised its rates Apr 9, 2014
SBI Rolled out twitter linked account Apr 7, 2014
Growth in deposits and credits of the banks Apr 4, 2014
Karnataka Bank planning to expand its network Apr 3, 2014
Banks not to charge penalty from customers on savings account: RBI Apr 2, 2014
News Archive