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State Bank of Mysore plans for branch and manpower expansion

26 Apr 2012 Evaluate

State Bank of Mysore (SBM) is planning to employ 700 probationary officers and 500-600 additional clerical staff this fiscal to balance the large number of retirements that the bank would see during the 2012-13 fiscal. This year about 400-500 SBM employees are due to retire.

The bank is on a branch network expansion mode as well as it aims to take the number of branches to 1,000 in the next two years. The branch and manpower expansion will help the bank achieve a business turnover of Rs 1-lakh crore by this fiscal-end.

State Bank of Mysore is the first Karnataka-based bank with fully networked branches. The bank embarked upon the latest Banking Technology platform by implementing the Core Banking Solutions (CBS) across all its branches, with an objective of providing banking convenience to the customers. 

Peers
Company Name CMP
SBI 1080.35
PNB 114.50
Canara Bank 142.35
Bank Of Baroda 280.00
Union Bank Of India 188.90
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