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SBI to hire 10,300 employees before end of FY18: Report

23 May 2018 Evaluate

State Bank of India (SBI) is reportedly set to hire 10,300 employees before the end of FY 18. The bank is replacing only about 75% of the retirements that are taking place given the cost and operational efficiency helped by digitisation and the merger process. The Retirements and digitisation has led to a reduction of around 15,762 employees of the bank.

SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.

SBI Share Price

1019.55 -72.25 (-6.62%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
SBI 1019.55
PNB 107.20
Canara Bank 134.35
Bank Of Baroda 264.05
Union Bank Of India 166.15
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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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