Government Jobs 2024: SBI in Process of Recruiting 12,000 Employees for IT and Other Roles
SBI Chairman Dinesh Khara has stated that approximately 11,000 to 12,000 employees are in the process of being recruited. While these are general employees, in reality, about 85 percent of them are engineers at our associate and officer levels.
Highlights
- SBI in the process of recruiting approximately 12,000 employees for IT and other roles.
- The information was provided by Dinesh Khara, Chairman of the country’s largest lender, on Thursday.
- For the concluded financial year in March 2024, the total number of employees in the bank was 232,296.
New Delhi: State Bank of India (SBI), the country’s largest lender, is in the process of recruiting approximately 12,000 employees for information technology (IT) and other roles. The bank’s Chairman, Dinesh Khara, provided this information on Thursday. Khara said that these new employees will be given exposure to banking and some of them will be later transferred to IT and other support roles.
Khara said, “Approximately 11,000 to 12,000 employees are in the recruitment process. These are general employees, but in reality, about 85 percent of them are engineers at our associate and officer levels. We give them some experience to understand banking, and then we start placing them in various support roles, and some of them will be placed in IT.”
For the concluded financial year in March 2024, the total number of employees in the bank was 232,296, which was 235,858 in the financial year 23. Khara also said that the bank is considering hiring new employees specifically for technological skills. Khara said, “Recently, we have started recruitments for technological skills.”
Due to strong loan demand on May 9, the bank recorded an increase of 24 percent in net profit to Rs 20,698 crore for the concluded quarter ending on March 31, 2024, compared to the same period a year ago when it reported a net profit of Rs 16,695 crore. The net profit exceeded analysts’ estimates of Rs 13,400 crore. Interest income of SBI increased by 19 percent in the review quarter to Rs 1.11 lakh crore, compared to Rs 92,951 crore a year ago.
There was an improvement in the quality of the bank’s assets in the March quarter. SBI’s gross non-performing assets (GNPAs) stood at 2.24 percent as against 2.78 percent in the previous year, while net NPAs came down to 0.57 percent from 0.67 percent compared to the same period a year ago. After the results, SBI Chairman Dinesh Khara said that the GNPA is the lowest in 10 years at 2.24 percent.
Total income in the fourth quarter of the financial year 2024 increased from Rs 1.06 lakh crore in the same period a year ago to Rs 1.28 lakh crore, while operating expenses increased from Rs 29,732 crore in the same period a year ago to Rs 30,276 crore, a significant increase from the previous year. The total provisions decreased to approximately half from Rs 3,315 crore in the same period a year ago to Rs 1,609 crore.
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