Tuesday, November 10, 2009

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StanChart to hire 3,000 employees by next year

Global banking behemoth Standard Chartered plans to hire 3,000 employees in India by the end of 2010, a year that would also see the British firm listing its shares on the bourses here.

The bank intends to add close to 2,500 employees to its payroll in India during 2010, while it is hiring a staff of 500 in the last two months of 2009, StanChart's Regional Head for Human Resources Madhavi Lall told PTI here.

StanChart, which currently employs close to 18,000 people in the country, has already hired 2,000 employees so far this year, she added.

The bank is currently working on the modalities for listing its Indian Depository Receipts (IDRs) here -- which would make it the first foreign entity to exercise the IDR route to raise capital in India.

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