IDBI Bank to hire 650 managerial staff

Industrial Development Bank of India (IDBI), will recruit 652 people at the managerial level., according to media reports. IDBI Bank is one of the leading public sector lenders. The move of the IDBI Bank is bit of surprising for the financial and banking institutes as the whole world is reeling under pressure of global meltdown. IDBI Bank unlike other companies those are trying to adopt the cost cut measures.

The IDBI Bank is is planning to hire as many as 256 managers for its retail banking business, while adding another 220 managers in the SME financing division. Some media reports too quote that IDBI Bank may recruit 176 assistant general mangers for the SME financing business.