Corporation Bank to hire 2,433 this fiscal

Corporation Bank plans to recruit 2,433 personnel during 2012-13, according to its Chairman and Managing Director Ajai Kumar. Of these, nearly 1,100 will be in the officer cadre and the rest in clerical cadre, Ajai Kumar told Business Line.

The bank is in the process of building a talent pool, particularly in specialised areas such as risk management, forex, IT, credit, including agriculture, etc.

The recruitment process is in progress and is expected to be completed by the end of the month, he said.

When asked if all of them would join the bank, he hoped at least half of them would .

Though there is no attrition by way of resignations in respect of selection for the post of Assistant Managers, it is observed that the number of candidates joined is considerably less.

In the case of single window operators (clerical cadre), he said the number of candidates who have joined is considerably less. However, attrition is reasonably limited at 8.17 per cent. He said the reason for this could be that candidates have offers from more than one bank, etc. He hoped that the common recruitment process, which is administered through Institute of Banking Personnel Selection, will help enhance the retention rate in the coming years.

vinayak.aj@thehindu.co.in