Syndicate Bank is planning to hire around 5,000 new staff this fiscal. Of total, the bank will recruit 2,700 officers and 2,300 clerical staff. Among the 2,700 officers proposed to be recruited, 2,000 would be direct recruits through the IBPS (Institute of Banking Personnel Selection) route and the rest under the specialised officers’ category.
Further, the bank has already given appointment letters to around 2,000 candidates. These candidates will be joining the bank within the next fortnight or so.
The bank posted a fall of 30.90% in its net profit at Rs 409.30 crore for the quarter ended March 31, 2014 as compared to Rs 592.34 crore for the same quarter in the previous year. However, total income of the bank increased by 12.06% at Rs 5357.40 crore for quarter under review as compared to Rs 4780.75 crore for the quarter ended March 31, 2013.
