Canara Bank to recruit 4,000 by 2011 second qtr

Updated on: Monday, December 20, 2010

Canara Bank has embarked on a massive recruitment drive and plans to recruit 4,000 employees by the second quarter of 2011.

Canara Bank CMD S Raman told PTI on the side lines of a function, "we have initiated the process of recruiting 4000 new employees. Of this 50 per cent would be recruited in the clerical cadre".

About 1100 would be picked up in specialised segments like CAs, Agricultural Graduates, IT and MBA graduates. The recruitment drive will be completed in a phased manner and would culminate in second quarter of next year, he said.

He said the bank's staff strength is 43,000.

As of now the bank has 2,100 ATMs and is likely to go up to 4,000 in the next couple of years, he said.

He said the bank would open two overseas branches at Manama and Qatar, in addition to the 4 overseas branches currently in London, Hong Kong, Shanghai and Leicester.

Its overseas business contributes about 3.5 per cent to the bank's overall business. "We are seeking RBI's permission to open branches at Johannesberg and few cities in the US," he said.

The bank's Gross NPA which was 1.6 per cent in September 2009 has been brought down to 1.49 per cent at Rs 2636 crore in September this year, he said.

Canara Bank to recruit 4,000 by 2011 second qtr

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