State Bank Of India

State Bank of India (SBI) is all set to recruit over 7,000 people in the current fiscal year. The company intends to hire about 1,837 probationary officers and 5,400 assistant officers in FY15. About 40,000 staff will be retiring in the next four years and the company expects to recruit about 35,000 to 40,000 employees in the period.

Meanwhile, the attrition levels at the junior level have not risen despite the variation in compensation between public and private sector banks, thanks to the wide spectrum of exposure given to SBI employees.

The bank reported 34.20% fall in its net profit at Rs 2234.34 crore for third quarter ended December 31, 2013 as compared to Rs 3396.06 crore for the same quarter in the previous year. However, total income of the bank increased by 14.91% at Rs 39060.76 crore for quarter under review as compared to Rs 33992.11 crore for the quarter ended December 31, 2012.