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SBI to hire 10,500 employees in FY13

27 Jun 2012 Evaluate

In a bid to manage growing business, State bank of India (SBI) will hire about 10,500 employees during the current financial year. Of which the country’s largest bank would make 9,500 clerical level appointments and nearly 1,000 probationary officers to be inducted.

As on March 31, 2012, the bank had a total workforce of 215,481 -- of which 80,404 are officers, 95,715 are clerical staff while, the remaining 39,362 were sub-staff.

The bank already remained leader in the retail car loan financing and home loan businesses while, its retail advances grew 10.9% to Rs 182,427 crore in the year ended March 31, 2012. It commanded 26% market share in home loan and 17.51% market share in car loan financing last year.

SBI reported a surge of 41.66% in its net profit to Rs 11707.29 crore for the year under review, against net profit of Rs 8264.52 crore for the corresponding period last fiscal. Total income increased by 24.33% at Rs 120872.90 crore during the year under review from Rs 97218.96 crore in the year-ago period.

State Bank Of India Share Price

1047.20 20.10 (1.96%)
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Peers
Company Name CMP
State Bank Of India 1047.20
PNB 107.50
Bank Of Baroda 271.50
Canara Bank 126.15
Union Bank Of India 174.85
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