Federal Bank to recruit 3,000 employees in next three years

Kerala-headquartered Federal Bank plans to recruit about 3,000 employees and add 300 branches in the next three years, a top official today said.

The bank presently has about 10,126 employees on its rolls.

Since the last three years, around 3,000 employees have been recruited and plans are on to employ another 3,000 in the next three years, Federal Bank Managing Director and CEO Shyam Srinivasan told reporters here.

In the last three years, 340 branches were added across the country. "We could like to repeat it. However, if economic environment is not robust, we will have to be careful. The aim is to add 80-100 branches every year," he said.

On proposals to levy charges for ATM transactions, he said the private lender was allowing its customers unlimited usage of ATMs, however, maintenance costs are going up.

"We are reviewing the cost. We will see how industry goes and decide accordingly," he said.

The bank has so far launched 26 technology products for its customers. Within two weeks, a new product which would enable easy cash transactions between customers and merchant establishments would be launched, General Manager (HR) Thampy Kurian said.

The bank's technology product 'Fed book', which enables a customer to view transactions for the past several years, was a big hit with customers.

The bank also offers a facility through which devotees can provide offerings to temples, churches and mosques through their federal bank accounts.

The bank has also tied up with white line ATM facilities of Tata group, Muthoot Finance and Bank Tech, he added.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Exchange managements must distinguish between speculation and gambling

    Every bull run in the Indian equity market raises the spectre of excessive speculation.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Roopen Roy

Building smart cities the Indian way

Today more than half of the world’s population lives in ...

Zehra Naqvi

The mere display of power is not success

The stars are not afraid to appear like fireflies —Rabindranath Tagore ...

Dharmendra Khandal

Let the tiger breathe in its natural home

The world has been observing July 29 as International Tiger ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture