HDFC Bank is going to do a large number of recruitments
Bank Jobs: HDFC Bank, the country's largest private sector lender, has decided to hire over 500 Relationship Managers during the current financial year to expand its reach in the MSME sector.
Sunil Shukla 
Bank Jobs: HDFC Bank, the country's largest private sector lender, has decided to hire over 500 Relationship Managers during the current financial year to expand its reach in the MSME sector.
Mumbai. HDFC Bank, the country's largest private sector lender, has decided to hire over 500 relationship managers during the current financial year to expand its reach in the MSME sector. With these appointments, the total staff strength in the Bank's Micro, Small, and Medium Enterprises (MSME) branch will go up to 2,500. Presently the Bank's MSME branch has a reach of 545 Districts with its Liaison Managers and Inspectors. By the end of the current financial year, this reach will increase to at least 575 districts.
Sumant Rampal, senior executive vice president, banking business and health care finance, told PTI on Monday, "We are expanding our MSME reach from 545 to 575 districts. In the current financial year, more than 500 people have been appointed in the MSME branch. This should take the total staff strength in this branch to a little over 2,500."
After including wholesaler and retail loans under the MSME head, the bank's MSME loan account grew marginally to Rs 2,01,833 crore in March 2021 quarter from Rs 2,01,758 crore in December 2020.
Rampal said the bank's MSME portfolio is spread across sectors such as textiles, construction, agro-processing, chemicals, consumer goods, hotels and restaurants, auto parts, pharma, and paper industries and includes wholesalers, retailers, distributors, and stockists. Huh. Rampal said that the bank has been paying special attention to this sector for the last two years and the growth of the sector has been accelerated after the government's increase in credit facilities for small businessmen after the pandemic.
