State Bank of India, one of the largest banks of our nation, will be recruting almost 7, 200 officers in the current fiscal year. According to a newspaper report, nearly 8, 100 of its staff members are to retire during the current fiscal. J.N. Misra, Corporate Development Officer at SBI, said the bank intendedto hire 1,837 probationary officers and 5,400 assistant officers in FY15. He added that SBI offers a salary of about Rs 70,000 per month to fresh graduates who join as probationary officers.
The entire banking industry in the nation is coming across a shortage of manpower. The situation is specifically acute in state-owned banks where 75 per cent of the top management or those above the assistant general manager grade are due to retire by 2020, as estimated by Mckinsey India.
