IDFC, Bandhan banks to create 20,000 jobs

IDFC and Bandhan, which will start their banks in the next 18 months, will generate 20-25,000 new jobs in the next three to four years. In the immediate future, though, their focus would be on setting up basic infrastructure, and recruitments would be low on priority.

Several foreign banks are also learnt to be firming up plans to expand their workforce, despite the overall economic slowdown gripping the world.

Bandhan Financial Services, which will set up Bandhan Bank by next year, plans to upgrade the skills of its current 13,000 employees.