Thursday, 8 October 2015

Freshers Tree

Syndicate Bank To Hire 5,000 Officers And Clerks in 2015- 2016

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Syndicate Bank will hire about 5,000 people in financial year 2015-16 to meet its growth plans. This Bank Jobswill include 2,900 officers and 2100 clerical cadre staff, said T.K.Srivastava, Executive Director, Syndicate Bank.

“We have already placed an indent with the Institute of Banking and Personnel Selection to hire about 5,000 during next financial year,” Srivastava said announcing the Bank’s December quarter results. The Bank currently has about 29,000 employees managing a total of 3463 branches as of December, 2014. About 800 employees are expected to retire by end-March.

Syndicate Bank has seen its business per employee increase to Rs. 14.52 crore at the end of December quarter as against Rs. 12.81 crore in the corresponding period last year, a growth of 13.3 per cent. However, the net profit per employee on an annualized basis stood at Rs. 4.37 lakh as against Rs. 5.95 lakh in December quarter last year.

Syndicate Bank reported a 20 per cent decline in net profits for the December quarter on lower net interest income and higher tax expenses.

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