A recent press report said that State Bank of India (SBI) has scaled down its recruitment for the current financial year. The bank has planned to hire about 11,000 officers and clerks this year.
Mr. Pratip Chaudhuri, Chairman of the bank told the press that it will recruit about 6,000 clerks soon and that the process for filling up 5,193 officer posts has been started. The bank recently released a notification for the recruitment of 4,987 officers for its associate banks and 206 officers for its own requirement.
Mr. Chaudhuri said that recruitment will depend on many factors such as retirements and number of branches to be opened, but he did not mention the possibility of filling up more number of vacancies.
A Director of a leading coaching institute for bank jobs told the press that bulk recruitment in public sector banks for the last two-three years was primarily driven by State Bank of India and that any slowdown in its hiring plans will unfavorably affect the overall employment prospects in the banking sector.
Reports also said that the banks are facing a slow down in their loan business due to the hike in interest rates. The hike in interest rates have made all loans including home loan, personal loan, vehicle loan, business loan etc costlier to the borrowers.