StanChart to hire 2,000 professionals in 2009, says Official

Global Banking giant, Standard Chartered on Sunday said it has no plans to freeze hiring in India despite the challenging market conditions and would recruit around 2,000 professionals this year.

StanChart had recruited 4,000 people in the last calendar year but has decided to scale down fresh recruitments in the face of financial downturn that has hit its operations globally, StanChart Human Resources Regional Head Madhavi Lall told the media here.

"We have not stopped hiring. Although, the number of new recruits may be lower in 2009 as compared to last year, the bank plans to recruit 1,500-2,000 people in the current calendar year," Lall said.

The lender already recruited 110 people in the last two months while it plans to hire 28 more people by July to strengthen its various business divisions, Lall said.

"These 28 people will be joining us from IIMs. The bank will go ahead with its hiring plans in the months ahead, which will include campus recruitments," Lall said.

Presently, StanChart has a staff strength of 19,000 in India as against its global headcount of 75,000, Lall said.

Out of 19,000 total employees, around 6,500 people operate in StanChart's retail banking division.

Agencies