SBI to hire 12,000 personnel, add 250 branches during FY27: Chairman Setty
- State Bank of India plans to hire about 12,000 employees in FY27, focusing on clerical and officer positions, which is a decrease from the previous year's hiring numbers.
- SBI aims to expand its branch network by adding approximately 200 to 250 new branches in FY27, primarily targeting underserved commercial hubs and newly developed residential areas.
- SBI and its subsidiary SBI Capital Markets intend to sell up to a 1% combined stake in the National Stock Exchange through an upcoming IPO.
- There are no immediate plans to sell stakes in other subsidiaries following recent IPO activities.
14 Articles
14 Articles
SBI Hiring: State Bank of India To Recruit 12,000 Staff, Add 250 Branches in FY27
SBI plans to hire 11,000-12,000 staff and add 200-250 branches in FY27, a moderated pace after FY26's tech-led recruitment surge of 25,633 employees. The lender and SBI Capital Markets will jointly divest up to 1% stake in NSE's INR 30,000 crore IPO, with no plans to monetize other subsidiary stakes for now. SBI Hiring: State Bank of India To Recruit 12,000 Staff, Add 250 Branches in FY27.
SBI to hire 12,000 employees, add 250 branches in FY27, says State Bank of India's chairman CS Setty
State Bank of India (SBI) intends to hire about 12,000 employees and add around 250 new branches to its network in the ongoing financial year, said C S Setty, Chairman of the country's biggest lender.
The Economic Times
SBI to hire 12,000 personnel, add 250 branches during FY27: Chairman Setty
State Bank of India plans to hire approximately twelve thousand personnel this financial year. The bank also intends to expand its network by adding around two hundred fifty new branches. SBI and its subsidiary will dilute up to one percent stake in the National Stock Exchange. This divestment is part of the National Stock Exchange's proposed initial public offering.
The country's largest public sector bank, State Bank of India (SBI), will hire 12,000 employees in the current financial year. It also plans to open 250 more branches across the country. SBI is one of India's largest employers, with a target of more than 245,000 employees by March 2026. […]
SBI To Hire 12,000 People, Open 250 New Branches
New Delhi: The State Bank of India (SBI) has plans to hire about 12,000 personnel and add nearly 250 new branches to its network in the ongoing financial year, chairman C S Setty has said. "In terms of recruitment, I think we would be looking at around 11,000 to 12,000 appointments across both clerical and officer cadres this year. This…
While unemployment has increased, the country's largest government bank has now decided to recruit employees on a large scale.
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