Public Relations

StanChart to hire 3,000 more in India

Global banking behemoth Standard Chartered plans to hire 3,000 employees in India by the end of 2010, a year that would also see it listing its shares on the bourses in India. - Today China, tomorrow the world - StanChart high on Asia story, logs 79% returns - Gaining from fantasy - Actively considering listing in India, says StanChart - StanChart mulls listing in India - A balanced approach The bank intends to add about 2,500 employees to its payroll in India during 2010, while it is hiring 500 people in the last two months of 2009, said its regional head for human resources, Madhavi Lall. 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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