SBI to induct about 25,000 employees this fiscal

SBI to induct about 25,000 employees this fiscal

Country's largest lender State Bank of India (SBI) is likely to induct about 25,000 personnel during 2009-10 across various verticles. 

"We would be recruiting about 25,000 employees this fiscal and the exercise is underway," SBI Chairman O P Bhatt said in New Delhi on Friday.

Last year, Bhatt said, the bank increased its workforce by 27,000.

As part of its strategy of enhancing focus on rural operations, SBI is hiring 2,000 probationary officers for rural business. In addition, the bank would hire 2,500 probationary officers.

The bank is in the process of inducting 11,000 clerks for marketing, banking and advisory services and 481 officers for marketing and recovery (rural) and technical officers (farm sector).

At the same time, SBI has also recruited 500 management executives.

Meanwhile, the bank recorded a net profit at Rs 2,479 crore for the quarter ended December 2009, almost the same as in the corresponding period last year.

The bank, which has been aggressively going on home loan front with a special scheme of 8 per cent interest rate, saw its housing advances growing by Rs 4,930 crore in the period. (NZ-12/02)