Standard Chartered Bank- a UK-based major global foreign player announced that it is planning to increase its headcount in India by 2,500 people during the current year to 20,000.
The bank is planning to increase up to $750 million through issue of Indian Depository Receipts (IDR) currently it employs 17,500 people in India.
Standard Chartered's India chief executive officer Neeraj Swaroop told reporters that, "We hire people to meet our growth needs. In 2010, we will hire around 2,500 people for India business. The number was similar last year."
At present the bank employs 75,000 people globally. The bank is looking to increase its branch network in the nation and has applied for the same. It is still waiting for approval from the regulatory.
"The number of branches that we can open is driven by the RBI license. We would be opening 100 new ATMs by August this year and take the total number to 350," Swaroop said.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment