Indian private sector lender HDFC Bank is reportedly planning to hire thousands of staffs and open hundreds of new branches in 2015 to boost lending.
"We probably will add a few thousand employees this year and will add a few hundred branches with an even break-up between the urban and rural areas," the bank’s deputy managing director Paresh Sukthankar told Bloomberg in an interview.
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After holding back on hiring for nearly two years, the bank added 10,000 employees in the year to 31 March 2015.
The bank is looking at increasing workers across its businesses in the current year, Sukthankar added.
The Mumbai-based bank had 4,014 branches, with 78,000 employees at the end of March 2015.
HDFC Bank, started in 1994, currently has a market share of about 4%.
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By GlobalData"Our growth is based not just on what the industry and economy do, but also on our ability to gain market share by offering better products and service at a faster pace," Sukthankar added.
