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SBI plans to hire 2000 people

SBI plans to hire 2000 people in the next 6 months to fill junior to mid-level executives. The banks look to capitalize on rural lending and fee-based businesses. The current peers of SBI are reluctant to grow in these areas.

SBI plans to hire 2000 people

SBI plans to create a new microfinance vertical. Employees with experience in rural and agricultural sectors will be appointed in that vertical. These appointments will be in sales and call centers and credit card businesses

An SBI official says that alongside the usual recruiting, the bank plans to add 400 more people in its newly formed financial inclusion vertical. He adds that these new people will have an agricultural and rural banking background.

At the beginning of June, SBI creates a new vertical just to focus on financial inclusion and micro-markets (FI&MM). Earlier, a few months ago, SBI lists SBI cards. There are plans to enhance this with the new growth plans. 1500 new people will be added to the sales and call center verticals

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Some of them are mid-level employees. Junior people will be working more on the street sales with salary ranging from Rs.15,000 to Rs.25,000

Ideal candidates with MBA and graduation can apply for these roles. Also, candidates with only plus-two certification can apply, provided they have enough experience in this field

The previous year, SBI recruits 2000 officers and 8000 clerks across the country. Some of them are still set to join the bank.

How did the bank fare in the times of Corona?

Looks like the bank is not affected that much by the impact of Corona and actually showed improvement. In the Jan-Mar FY20 quarter, the bank reports a 71% reduction in the pre-tax profit, which is due to bad loan provisioning.

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