Comments
Kolkata-based lender, Allahabad Bank, is looking to hire 1,100 people during the current fiscal (FY15).
While 600-odd recruitments would be made at the officer level; the remaining 500 would be clerical staff, Rakesh Sethi, Chairman and Managing Director, Allahabad Bank, said.
He was speaking to shareholders during the bank's annual general meeting.
Fund infusion
According to him, the bank has obtained clearances from the Reserve Bank of India for a qualified institutional placement of ₹ 320 crore.
It is currently awaiting clearances from the Finance Ministry with respect to QIP. The bank had obtained shareholders' approval in December 2013.
The bank, a senior official said, has also sought a capital infusion to the tune of about ₹ 1,100 crore from the Centre for this fiscal.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.