State Bank of India, or SBI as it is popularly known, has established itself as the large public sector bank in the country. With the need to have more number of personnel in its ever increasing branches and ever expanding business, SBI recruitment is being done with increased vigour. This is one of those nationalised banks who have been doing their own recruitments and therefore the notifications for these vacancies are sure to come in national newspapers or weekly employment news.
In recent years, SBI has expressed its plans to hire about 9,500 employees in this financial year continuing till 2013. Most of these employees will be working on the system of retail banking in the SBI branches. It will be the effort of the SBI management to look out for any new opportunities and challenges. Since retail banking will require more number of people for its efficient functioning, the fiscal of 2012-2013 will see a lot of hiring, probably also because the manpower has reduced over the large few years. This information can be easily found in the SBI Annual Report 2011-2012. Most of the 9,500 strong manpower recruited by the end of 2013, will be for the clerical positions because majority of the vacancies are for this position.
The total number of staff that the bank had in total during 31st ofMarch, 2012, was about 215,241, of which the officers were about 80,404, while the clerks were 95,715, while a total of 39,362 were recruited as sub staff.
The financial status of the bank as a leader in the retail car loan marketing and in home loan marketing has been quite high and more revenue of the country has been through this particular mode of financial transaction. For the home loan category, the SBI has a 26% market share while the share in car loans is about 17.51% for the bank up to the year 2012. These figures are sure to increase in the future because of the various customer friendly rules and repo rates reduction by the banks.
The strength of the Indian economy is clearly evident from the fact that despite of plenty of faults in the euro economic zone, there are still stable financial profiles and policies of the Indian government. It is in a position that such shocking situations on a global scale can be managed by the Indian economy. But still, Indian companies need to be alert and this should be done by having sufficient amount of deposits and right people to deal with any kind of economic disruption.
In the year 2013, the two important points of difficulty would be the twin deficit of the current account deficit and fiscal deficit which are also accompanied by the high inflation, which is also having low growth to accompany it. These could pose major challenges to the banking scenario in 2013, but SBI has maintained its supremacy due to its innovative work profile. The banking scenario in 2013 is quite bright and encouraging, where the loan growth and deposit growth would be about 16% and 20% respectively.
With the advancing time, the Indian economic scenario is surely going to be bright, even though small hiccups are a norm in such a large economy as India is. With an eye on the development and strengthening of its base, where manpower is also essential, the right decisions are supposed to be taken keeping in mind the broad benefit to the customers.