Canara Bank Ltd., the third largest public sector bank Canara Bank expects to recruit around 4,000 people by June next year.
Mr S. Raman, Chairman and Managing Director, Canara Bank, told that human resource would be a challenge with about 5,000 employees retiring in the next three to four years. At present, Canara Bank employs 42,363 people. The bulk of the recruitment would be in the clerk grade - around 2,000 employees - and 1,000 employees in the officers' cadre.
“Currently, we have about 40 Chartered Accountants but would require more for specialised areas,” he said. At present, business per employee is at Rs 10.6 crore in the second quarter of 2010-11 from Rs 8.4 crore last year. Profitability per employee jumped by Rs 3 lakh to Rs 10 lakh in the second quarter of 2010-11 against Rs 7 lakh a year-ago, which the bank expects to enhance further.
Canara Bank expects to hire around 700 investment officers who would sell insurance and mutual fund products. These investment officers would work under contract basis and not be on the bank's roll. Mr Raman, said, “We want to improve the bank's financial inclusion responsibility and also garner more business from agriculture by lending more to farmers.” Therefore, the bank plans to hire about 500 rural development officers.
The newly appointed Chairman said that he has initiated a process to change the ‘perception related to public sector bank'.
The first step in this regard would be for employees to have hands-on knowledge of all the features of the products and services.
This will enable them to sell different banking products and services depending on the need of the customer, he added.
Content Courtesy: thehindubusinessline.com