The country's largest lender, State Bank of India has plans of increasing the staff intake in its branches across the country. The bank has raised the target of hiring 11,000 employees for its clerical post to 25,000 so as to take care of the retirements as well as the positions at its new branches.
Currently the hiring process is in progress and the bank is seeking approval to hire 25,000 candidates instead of 11,000 in this recruitment season itself, a senior SBI official quoted.
The official further added that this step by the bank would save both time and cost as the bank will not have to go in for fresh recruitment drive next year. The estimated cost for the clerical recruitment in 2010 is pegged at Rs 50 crore, he said.
While the written examination has already been conducted for which 27 lakh candidates appeared, the interview sessions are scheduled in the upcoming 2-3 months. The induction process is expected to be over by March 2011.
The bank has already hired 33,000 people for clerical post since 2007. With the addition of 25,000 more employees the total intake would exceed 50,000 by March 2011.
"Our assessment of manpower needs factors in the needs of banking entities within group. With consolidation underway, bank would group approach is becoming more relevant," another official said.
SBI plans to improve its branch network to 50,000 from 17,075 by the end of this decade.
Currently, SBI has 12,207 domestic and 141 overseas branches while the remaining belong to its six associate banks.
The bank currently has 250 million accounts. It further plans to merge its associate banks to itself in the upcoming few years.
This year alone, SBI has opened 975 branches and it intends to add another 1,000 branches during 2010-11. It had around 9,100 branches at the start of year 2000.