Navi Mumbai, India (PressExposure) June 25, 2011 -- State Bank of India has scaled down its hiring plans for the current financial year. The bank will hire about 11,000 officers and clerks in 2011. This is quite significantly lower as compared to the last few years. For example, in 2009-10, SBI hired over 25,000 officers, clerks and specialist officers for various roles in rural banking, marketing, advisory services, technical and legal operations.
We will be recruiting about 6,000 clerks soon. The process for filling up 5,193 officer posts has just begun, the SBI Chairman, Mr Pratip Chaudhuri.
Last week, State Bank had released a notification for the recruitment of 4,987 officers for its associate banks and 206 officers for its own requirement.
The associate banks for which recruitment is being done include State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Patiala, State Bank of Mysore and State Bank of Travancore.
While the exact figures on recruitment during 2010-11 are not immediately available, SBI sources put the number at around 20,000, besides 15,000 business correspondents in rural areas.
Asked if the hiring cut this year was a cost-reduction efforts, Mr Chaudhuri said: "The recruitment will depend on many factors such as retirements and number of branches to be opened. He, however, did not rule out the possibility of filling up more number of vacancies later in the year which is not a common practice.
SETBACK FOR JOB ASPIRANTS
Whatever the reason, this would definitely disappoint aspirants of bank jobs. As a Director of a leading coaching institute for bank jobs said: The bulk recruitment in public sector banks for the last two-three years was primarily driven by State Bank of India. Any slowdown in its hiring plans will adversely impact the overall employment prospects in the banking sector.
But other banks would continue their hiring spree though not in large numbers, he added. Some banks, including Indian Overseas Bank, Allahabad Bank and Indian Bank have started the process to fill 5,000 positions of officers and clerks. The Reserve bank of India is also on hiring mode.