Clear loan proposals in 90 days, banks told

"Our business is growing between 18 to 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 bank's Managing Director and chief Executive 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-payments charges on floating rate loans and how ICICI Bank will be gearing up for it, Kochhar said, "I think its a recommendatory discussion about action points. So we should wait for the clarifications to emerge."Though the suggestion of the Banking Ombudsmen are 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. [More]