India’s biggest lender, State Bank of India is likely to continue its recruitment binge in next financial year as it intends to recruit about 15,000-20,000 employees in FY11, SBI Chairman O P Bhatt said.
He said the bank has already hired 25,000 employees in this year and expect to recruit around the same number of people. The figure could be about 15,000-20,000 employees.
Bhatt said, during 2008-09, the bank had hired 27,000 employees across different verticals. During the start of this month, Bhatt had said that the bank intends to hire about 2,000 probationary officers for rural business during FY10. Moreover the bank plans to recruit 2,500 probationary officers.
Currently SBI is involved in initiating 11,000 clerks for marketing, banking and advisory services and 481 officers for marketing and recovery (rural) and technical officers (farm sector).
After introducing an e-learning package of Indian Institute of Banking and Finance, Bhatt had stressed on the importance of inducing more quality employees in the banking sector.
Moreover, the staff should be familiar with the character of financial products like complicated derivative products, which were mis-sold, thus leading to the recent global financial crisis, before selling them to the customer, he said.
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