Click to play videoNew Delhi: After slamming the brakes for 18 months since mid 2008, India's leading bank, ICICI is accelerating its pace again. And the best proof that it is gearing up for growth is its increased recruitment.
The bank's HR Chief confirmed it has employed 2000 more people in the past 2 months and plans to recruit 4000 more people by March 2011.
The proposed recruitment will take its head count to 40,500 - the peak level that it had touched in the rara days of March 2008.
Starting from April 2008, the bank had begun preparing for the inevitable slowdown. Its work force fell to a low of 33,000 people in the 18 months to October 2009.
But after a quarter of wait and watch it is back in recruitment mode.
Deposit collection is the segment seeing the most new hires. Mortgages rank next.
The other growth areas for the bank are infrastructure and corproate lending that don't require large numbers.
ICICI officials say they never stopped their campus recruitment of about 450 management graduates annually. But now non-campus recrutment will also pick up both for growth and to replace those who leave.
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