NEW! SBI PO Study Notes | IBPS PO Exam

SBI Bank may Slowdown Hiring for PO & Clerks this year

State Bank of India, the country’s largest lender, may go slow on recruitments during the next 2-3 years, a top bank official said here on Wednesday.

According to A. Krishna Kumar, Managing Director, the bank will try to maintain the employee strength at current levels even as it keeps expansion programmes in mind.

“We will see the extent of people who are retiring from the bank from all levels. So to that (extent) we may look at replenishing that stock. We will not try to increase. Right now, we have 2.23 lakh people working with us,” Mr. Kumar said.

By March 2014, the employee strength may fall to 2.2 lakh, he said.

“So we will try to keep the figure constant between 2.2 and 2.23 lakh over the next few years. By reducing the staff all of a sudden, the other activity does not function effectively. But at the same time I should not increase my staff so much that my productivity and my expense becomes an issue,” Kumar told reporters at a press conference.