IndusInd begins HR integration post merger

IndusInd Bank has embarked on a human resource (HR) integration following the merger of Ashok Leyland Finance (ALF) with itself. Ernst & Young, which was appointed as its HR consultant for the integration, has already submitted its initial report.

The bank has also identified its new human resource head in Anjali Saxena. Prior to this, she was working with a multinational company in Delhi, ITC and Punjab National Bank.

The integration is in progress, said Bhaskar Ghose, managing director. On the HR front too, the process of integration is under way, he added. Ghose, however, refused to comment on the appointment of the HRD head.

The bank intend to convert 52 erstwhile ALF branches into full-fledged bank branches in phases, subject to the Reserve Bank of India approval.

"Once the formal approval for conversion comes we would have to deploy some of the bank staff at these branches to make sure that ALF employees are familiarised with the regulator issue," said Ghose. Flow of human resource and expertise will be in both direction, he added.

The bank has 950 employees. With the merger, additional 750 employees of ALF have been added to the banks payroll. The bank plans to hire around 200-300 across the country in the coming months, Ghose added..

The bank is set to roll out a staff training programme for its employees. Employees from within the organisation and some ex-credit heads of public and private banks will train the employees, Ghose said.