India largest Public Sector Bank State Bank of India (SBI) is all set to hire 9,500 junior assistants for customer operation and sales. This is one of the largest placement drives run by the lender since 2013.
This hiring comes at a time when the workforce in the bank has come down by more than 10,000 in the current fiscal due to layoffs and a voluntary retirement scheme post the merger of associate banks with itself.
According to the sources, the bank has more than 9,000 vacancies, out of which more than 1,100 are for clearing the backlog assigned in the reserved category.
In a bid to maintain leveled workforce post its merger, the bank is redeploying staff. The thrust to adopt digitisation has reduced the need for administrative staff but inflated the need for customer support staff.
SBI’s employee strength fell to 2,69, 219 as of end-September 2017 as compared to 2,79,803 at the beginning of the financial year. This figure is a decline of 10,584.According to the sources, the strength of employee will experience further fall.
The bank has highest number of Uttar Pradesh and Maharashtra.