StanChart India to employ 3,000 by 2010

The bank targets more than 20,000 employees for the bank’s expansion in the country.

The bank intends to add close to 2,500 employees to its payroll in India during 2010, while it is hiring a staff of 500 in the last two months of 2009, StanChart's Regional Head for Human Resources Madhavi Lall said in a report in Press Trust of India .

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.