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| BoB to employ 3,500 people by March 2010 | |||
| 17 Aug 2009
: Bank of Baroda (BoB), the country`s third-largest public sector lender, is planning to recruit 3,500 people including officers during the current fiscal, reports Business Standard It is learnt that the bank is going to do campus recruitment and is planning to go to reputed institutes like IIMs and IITs. As many as 200 management students and engineers will be hired during the year. In addition to this, the bank will recruit 250 agriculture officers. In a bid to diversify its business, BoB will form a life insurance venture with UK-based Legal and General Group. The bank has made considerable progress and secured R1 (initial regulatory clearance) and has applied for R2 clearance from the insurance regulatory and development authority (IRDA) and expects that in the next four to five months all the necessary regulatory approvals would be obtained. Shares of Bank of Baroda declined Rs 13.85, or 3.21%, to settle at Rs 418. The total volume of shares traded was 167,473 at the BSE (Monday). |
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