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Thursday, August 29, 2013

Kotak Mahindra Bank to hire 2,000 this fiscal

Kotak Mahindra Bank would hire about 1,500-2,000 people this fiscal.

“This is in keeping with the bank’s branch expansion proposal. We intend to add 100 new branches to our network to take the tally to 550 by the end of this fiscal. We will hire 12-15 candidates a branch,” said Virat Diwanji, Executive Vice-President and Head – Branch Banking, Kotak Mahindra Bank.

“We recruit freshers off-campus and also experienced ones from the industry,” he added.

To a query on attrition, he conceded that it was quite high at 20-25 per cent at the entry level or front-end staff. “The initial six months is a testing period. If they overcome this period, they manage quite comfortably. The attrition rate at the higher level is only in single digit.”

The bank primarily focuses on expanding its presence in the semi-urban and urban locations. “We do have branches in rural pockets. The challenge is in establishing our presence in unbanked locations,” he said.

He conceded that KMB always targeted the mass affluent customers

Source: thehindubusinessline


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