ICICI Bank to hire 6,000 people this fiscal

The country's largest private lender ICICI Bank will recruit up to 6,000 people this fiscal to cater to its business growth and expansion plans, a top official said on Friday.

"Our business is growing between 18 to 20 per cent and we are also adding branches... it's expected that we would hire between five and six thousand people in our workforce," the bank's managing director and chief executive Chanda Kochhar told reporters.

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Most of the recruitments will be at the entry-level and will be done either directly or through institutes  raining graduates in banking and insurance with which the bank has tie-ups, she said.

Asked about the banking ombudsman's recent suggestion to ban pre-payment charges on floating rate loans and how ICICI Bank will be gearing up for it, Kochhar said, "I think it's a recommendatory discussion about action points. So we should wait for the clarifications to emerge."

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Though the suggestions of the banking ombudsman are morally suggestive in nature, they are generally accepted by banks.

Technically speaking, these suggestions have to be followed up by a circular from the Reserve Bank of India.