5000 jobs @ Federal Bank

Federal Bank Facts :
Core business: Banking and Financial Services
Turnover: Rs. 87,000 crores
No. of employees: 9,300
No of branches: 1010
No of ATMs: 1101
Main branch: Federal Bank, Corporate Office, Aluva, Ernakulam
Representative Office (NRI customers): Abu Dhabi
Hiring plan: 5000 employees in the next three years
Growth plans : Today, Federal Bank is the fourth largest bank in India in terms of capital base, and has plans to expand beyond its traditional strongholds such as Kerala. “The Bank aims to grow its total business to Rs. 100,000 crores from Rs. 87,000 crores and increase profit from Rs. 777 crores to Rs. 1,000 crore,” shares Mr Jolly Antony, Head-HR, Federal Bank.
Hiring plans : In the last one year Federal Bank added 200 new branches to their network, in Gujarat, Punjab and other upcoming economic centres, and it plans to expand its employee base from 9300 to 10,000 by March 2013, and over the next three years take this number up to 5000. The immediate priority is to fill up 2300 entry-level positions for clerks and Probationary Officers. “As a policy, the Bank aims to hire local talent who can understand the culture and traditions at each place as we believe that business can be expanded only through understanding people at a micro level,” shares Antony.
Top domains : Like many banks, Federal Bank initially had a horizontal structure and all the employees were well-versed in all the aspects of banking. Job seekers must understand that the banking industry environment is changing and that has called for a shift to a vertical structure. Technology and international banking are two big game changers, and hence hiring is also being done across verticals. “Speaking of the talents required we focus on IT for IT-enabled marketing, where we market technical products. We also focus on developing talents who would cater to the requirements of the NRI, Retail and SME segments,”Based on the score, they are shortlisted for a Group Discussion and Personal Interview, that will be conducted by Federal Bank at various centres. Job seekers can also keep a tab of the ads through the year, by visiting the “Careers” section of the Bank’s website.
Campus recruitment : The Bank also recruits freshers for various verticals through placements. These include HR, Marketing and Finance at B-Schools, as well as international banking specialisation, which will be focused on the NRI customer base. For IT specialistions the Bank visits engineering campuses. “We have recruited a large chunk of talent pool through the campus mode,” shares Antony.