New Delhi: The State Bank of India (SBI) is currently in the process of recruiting approximately 12,000 individuals who will undergo comprehensive training for diverse roles, including positions within the IT domain, as revealed by its Chairman, Dinesh Khara, on Thursday.
As of the fiscal year 2024, the nation’s largest lender reported a total employee count of 2,32,296, down from 2,35,858 in the preceding fiscal year.
“Approximately 11,000 to 12,000 individuals are currently undergoing the recruitment process. These recruits encompass general employees, with a notable proportion comprising engineers, accounting for approximately 85% at the associate and officer levels,” stated Khara, coinciding with the bank’s announcement of a 24% surge in net profit to Rs 20,698 crore during the fourth quarter of FY24.
Khara further elaborated that the new recruits will undergo a structured induction process to gain insights into banking operations, subsequently being channeled into various associate roles, with a subset being directed towards IT-related functions.
SBI declared a dividend of Rs 13.70 per share for FY24, while witnessing a decline in net non-performing assets (NPA) to 0.57% from 0.67% in the preceding year. In Q4, the bank’s total income surged to Rs 1.28 lakh crore from Rs 1.06 lakh crore recorded in the corresponding period of the previous year.
