The country's largest lender, State Bank of India, has announced that in order to handle its business better, it will increase its workforce by 10500 employees this year. The new employees will include both probationary officers and clerical staff.
Talking on this, Mr. Pratip Chaudhuri, Chairman of SBI said, "This year, the bank would make 9,500 clerical level appointments and nearly 1,000 probationary officers to be inducted," He further added that the recruitment process will be completed by Dussehra.
In the previous financial year, the number of its total employees stood at 2, 15,481, including 80,404 officer level employees, 95,715 clerical level employees and 39,362 sub-staff. In the same year, the bank recorded a net profit of Rs 11,707 crore, the highest net profits recorded by any corporate in India.
There is also a merger in progress between SBI and its associate banks. On this, Mr. Chaudhuri said that the process of merger will be completed in a gradual manner.
SBI has five associate banks which are - State Bank of Bikaner , State Bank of Patiala, State Bank of Mysore, State Bank of Hyderabad and State Bank of Travancore.