The country’s largest private lender, ICICI Bank, will recruit up to 6,000 people this fiscal to help its business growth and expansion.

“Our business is growing between 18 and 20 per cent and we are also adding branches...its expected that we would hire between five to six thousand people in our workforce,” the Managing Director and Chief Executive, Ms Chanda Kochhar, told reporters .

Most of the recruitments will be at the entry level and will be done either directly or through institutes training graduates in banking and insurance where the bank has tie-ups, she said.

Asked about the Banking Ombudsmen’s recent suggestion to ban pre-payment charges on floating rate loans and how ICICI Bank will be gearing up for it, Ms Kochhar said: “I think it is a recommendatory discussion about action points. So we should wait for the clarifications to emerge.”

Though the suggestion of the Banking Ombudsmen is morally suggestive in nature, it is generally accepted by the banks. Technically speaking, their suggestions have to be followed up by a circular from the RBI.