India's largest lender, the State Bank of India (SBI) has said that it is planning to increase its workforce by 10500 employees this year in order to handle its business in a better way.
The bank is looking to hire both probationary officers and clerical staff across the country. The number of employees of the bank stood at 2, 15,481, including 80,404 officer level employees, 95,715 clerical level employees and 39,362 sub-staff, during the previous fiscal year.
Mr. Pratip Chaudhuri, Chairman of SBI said, "This year, the bank would make 9,500 clerical level appointments and nearly 1,000 probationary officers to be inducted." He also said that the recruitment process will be completed by the time of the festivities of Dussehra.
Meanwhile, the SBI is also going through a merger with its associate banks. Mr. Chaudhuri said that the process of the merger between the SBI and other associated banks will be completed gradually. State Bank of Bikaner , State Bank of Patiala, State Bank of Mysore, State Bank of Hyderabad and State Bank of Travancore are among the associated banks of the SBI.
According to a new report, SBI and its associate banks have improved their combined market share by 40 basis points to 22.5 per cent in the total lending rates.
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