BoB to hire 3,500 by March 2010

Bank of Baroda (BoB), the country’s third-largest public sector lender, is planning to recruit 3,500 people including officers during the current financial year.

“We are going to recruit about 3,500 people by March 2010, including 2,000 clerks and 1,000 probationary officers,” Bank of Baroda Chairman and Managing Director M D Mallya said.

Besides, the bank was going for campus recruitment this time, he said, adding, “We are planning to go to reputed institutes like IIMs and IITs.”

As many as 200 management students and engineers would be hired during the year, he said. 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. “We have made considerable progress and secured R1 (initial regulatory clearance),” he said.

The bank has applied for R2 clearance from the Insurance Regulatory and Development Authority (Irda), he said, adding, “We are hopeful that in four to five months all the necessary regulatory approvals would be obtained.”