State-run Corporation Bank plans to hire about 1000 – 1200 employees this year to support its plans to add about 200 branches.
The Mangalore-based bank is a lean entity with just about 14,000 employees for its 1,430 branches, mostly in the southern part of the country.
As per reports the bank chairman and managing director Ajai Kumar has mentioned that the bank will finalize the hiring plan in a month’s time. It plans to hire officers as well as clerical staffs.
As per Kumar – “The process [of opening branches] is on. It [the expansion] will be across India, particularly in the northern states,” he said, adding that the bank will comply with the Reserve Bank’s directive of opening 25% of the new branches in Tier V and VI settlements.
Since September last year, banks shortlist candidates for interview from the common selection test conducted by Institute of Banking Personnel Selection.
About the Bank:
Corporation Bank – started about 105 years ago in 1906, and was nationalized in 1980. The Bank was the forerunner when it came to evolving and adapting to the financial sector reforms. In 1997, it became the Second Public Sector Bank in the country to enter capital market, the IPO of which was over- subscribed by 13 times.
Source: ET / PTI / BS
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