Financial services provider IDBI Bank has invited applications from candidates to fill up 950 vacant positions in the bank. Most of these positions are specialised roles that include jobs in top-level management. IDBI Bank is now looking forward to filling these positions after the financial boost it received after its takeover by the Life Insurance Corporation of India (LIC).
Among the positions to be filled, the bank has invited applications for 515 assistant managers, 120 specialist cadres, and 40 CAs. The bank has also invited applications for 309 executives to be hired on contract.
In addition to these positions, IDBI Bank is also planning to fill up some of its key executive level positions including Treasury Head, Chief Compliance Officer, Chief Risk Officer, Head of Data Analytics, Head of Human Resources, Chief Technology Officer, etc.
In its statement inviting applications, the bank revealed that it aims to achieve multi-level business growth in the future by introducing a diversified product mix and offering various third-party products. The bank is also focusing on re-designing its organisational strategies in a bid to achieve business growth.
A few months ago, the bank invited applications for the positions of two deputy managers (DMDs). IDBI Bank is also currently seeking the help of consultants to help with its organisational restructuring.
As of 31 December 2018, the total branch strength of the bank stood at 1,894. Till the same date, the bank has done businesses worth Rs.3.82 lakh crore. The aggregate balance sheet of the bank during this period stood at Rs.3.33 lakh crore.
LIC completed the acquisition of 51% shares of IDBI Bank on 21 January 2019. Following this acquisition, the Reserve Bank of India announced on 14 March 2019 that IDBI shall henceforth be considered as a private sector bank.
Source: Financial Express