Kerala based private sector lender, Federal Bank is likely to employ close to 1,500 probationary officers over the next one-two years, as close to 1,000 employees of the bank are set to retire in the next two year. Through this recruitment, bank is planning to create resources to meet its expansion targets.
Over the last one-and-a-half year the bank has already recruited about 1,500 probationary officers. The bank aims at scaling up its branch network from 825 at present to 1,000 by December 2012. Further the bank is also aiming to achieve 20% growth in advances and deposits this fiscal.
Federal Bank is the fourth-largest private lender in the country and the largest in Kerala, with a balance sheet of Rs 81,000 crore as of September 30.
