State Bank of India (SBI),Country’s largest banking and financial services company in India by revenue, assets and market capitalisation. It is a state-owned corporation with its headquarters in Mumbai, Maharashtra.
The Bank is set to hire 20,000 staff across both the officer and clerical cadres over the next one year, reports the Hindu Business Line.
Public sector bank SBI had 214000 employees on its rolls as of June 2012. As of June this year SBI had 80,329 officers and 95,018 clerks on its rolls. The Bank is set to expand its staff by ten per cent over the next one year. A major part of the new recruitment that will be made by SBI over the next one year will be for the 1,200 new branches that the bank proposes to open in the current year.
Why so many Recruitments?
As you all are aware that there are large number of retirements in the banking sector in the next 4-5 years. In SBI only, about 35-40 per cent of the staff or about 70,000-80,000 people will be retiring across all levels. Recruitment of clerks is higher in number because of a large deficit in clerical staff in many SBI’s branches as reported by MD. A recent article in businessline revealed about these vacancies.
Notification for the Recruitment:
Interview process is currently going on for clerks while the Bank will shortly be starting the process for recruiting probationary officers. Notification for the same will be announced soon. We will keep our readers updated.
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