State Bank Of India
BSE: 500112 | NSE: SBIN
Large Cap | Bank - Public
1021.90
-15.00 (-1.45%) SBI to hire 10,300 employees before end of FY18: Report
Date: 23-05-2018State 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.