Syndicate Bank, a state-run bank, is planning to hire about 5,000 people in financial year 2015-16 to meet its growth plans. Out of total, the bank will hire 2,900 officers and 2100 clerical cadre staff. The bank currently has about 29,000 employees managing a total of 3463 branches as of December, 2014, while about 800 employees are expected to retire by end of March 2015.
Syndicate Bank has reported a fall of 19.69% in its net profit at Rs 304.99 crore for the quarter under review as compared to Rs 379.76 crore for the same quarter in the previous year. However, total income of the bank has increased marginally by 18.17% at Rs 5921.58 crore for Q3FY15 as compared Rs 5011.28 crore for the corresponding quarter previous year.
