Banks set up by IDFC and Bandhan Financial Services, which will start operations in the next 18 months, will generate 20,000 to 25,000 new jobs in the next three to four years. However, their immediate concern is to create the necessary operational infrastructure. The two proposed banks would focus on engaging top executives in the first instance and once that is done, the hiring for the next level will automatically start. The number would be around 5,000 a year, but that will be only after a few months. Bandhan Financial Services, which will set up Bandhan Bank by next year, plans to upgrade the skills of its current 13,000 employees. It may need additional staff, but it will be at a later stage, according to Chandra Shekhar Ghosh, CMD, Bandhan Financial Services.