ICICI Bank to hire 6,000 mostly for entry level positions this fiscal

ICICI Bank, the largest private sector lender in the country would recruit around 6,000 people this fiscal to help its business growth and expansion, a top official said today.

"Our business is growing between 18 to 20 per cent and we are also adding branches...it's expected that we would hire between 5000-6000 people in our workforce," the bank's managing director and chief executive Chanda Kochhar told reporters.

She said that most of the recruitments would be entry level and happen either directly or through institutes training graduates in banking and insurance with which the bank had tie-ups.
 
Replying to a query about the Banking Ombudsmen's recent suggestion for a ban on pre-payments charges on floating rate loans and how ICICI Bank would be gearing up for it, Kochhar said, "I think its a recommendatory discussion about action points. So we should wait for the clarifications to emerge."

Though the Banking Ombudsmen's  suggestions are of a morally suggestive nature, these are generally accepted by banks and technically speaking, their suggestions had to be followed up by a circular from the RBI.

The sheer scale of the Indian market and the demands it put on leaders was ideal for the emergence of Indian corporate leaders who would be capable of taking on global challenges, Kochar said.

She was speaking as the chief guest at CII's HR Summit on the theme 'Leadership in action' in Mumbai today.