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Foreign banks to add staff in India

Citibank, Standard Chartered and HSBC are planning to add more than 5,000 jobs in India in 2014. The focus would be on recruiting women and the differently-abled. Most banks have already initiated a drive to bring in gender diversity. Citibank announced that it will add 2,500 fresh jobs in the current year. Standard Chartered and HSBC too confirmed that India will continue to be their priority market, and that they would carry on with an aggressive hiring plan. Dominic White, regional head, HR, India & South Asia, Standard Chartered, said hiring outlook for 2014 is optimistic and the bank expects to see an uptake of 20% over the previous year with demand strongest in revenue generating roles. He said the focus will remain on building a diversified workforce by hiring from different industries, differently abled, healthy gender mix and premium business schools. A spokesperson at HSBC said the bank added about 1,000 jobs in 2013 and it will continue to hire in India as it remains the bank’s priority market. Meanwhile, more than 40,000 banking jobs could be added with the Reserve Bank set to issue banking licenses to several companies this year.

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