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Nov 26, 2007

Axis Bank plans hiring 4,500 this fiscal

Here is the beginning of my post. And here is the rest of it.Private sector lender, Axis Bank, plans to hire around 4,500 employees in the current fiscal, of which 2,500 appointments will be through the lateral route. The bank plans to cover up the shortage of nearly 2,500 officers in retail banking through the new recruitments, the President (Human Resources), Mr S Bhattacharya, said. "The attrition rate has gone up to 14.6 per cent in the current fiscal, up 2 per cent from last year's rate of 12 per cent; this has come as a challenge," Mr Bhattacharya said. According to him, the country's private banking sector has an average attrition rate of 18 per cent, which is growing every year.

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