Public sector bank, State Bank of India, is going to hire over 20, 000 candidates for its officer as well as clerical divisions. The bank has planned to increase the number of its staff by 10 percent by the end of the next year. At present, the bank has about 2.14 lakh personnel including all the staff divisions.
It is reported that the new recruitments are going to fill the personnel requirements of its 1, 200 new bank branches, which are scheduled to be opened this year. The hiring will also help fill vacant positions on the retirement of its present staff. According to the Managing Director and Group Executive (National Banking) of SBI, Mr. A. Krishna Kumar it is estimated that about 30 to 40 percent of SBI's present staff will retire in the next five years. It means that about 70 - 80, 000 employees will retire across different levels.
In addition to this, the bank is also planning to hire about 19, 000 clerks and 1, 000 officers to solve the issue of shortage of manpower in many of its branches.
It is reported that interviews are on for the hiring of clerks and the process of recruiting probationary officers will start shortly.