As per latest news by state bank of india, a no. of SBI employees (approximately 8100) are set to retire across the country. So, SBI is planning for the recruitment of Probationary officers, Clerks etc. to fill up the 7200 vacancies as per the statement by SBI Chairman Arundhati Bhattacharya to a leading newspaper.
In the financial year 2015, State Bank of India has also planning to leveraging the technology for the daily routine manual task. With the implementation of this, employees can save their time on that activities which don’t need much intention. They should be able to manage with 7200 as against 8100 retiring employees.
In addition to above plans, State bank of India is also aiming to set up the cash deposit machines across the country which will help in reducing the teller counters which are currently handled by SBI employees and which in turn overcome the problem of manpower shortage issue as well. The bank would also bring in cash recyclers, where ATM may use the deposited money for withdrawals. These machines are updates with latest softwares which easily can identify fake. Through this machine , a person who do fraud by depositing the duplicate notes will get track easily. Around 4500 cash recyclers are planned for the fiscal year.
In near future, Indian banking industry will have to face a massive man power shortage , so to overcome this problem in future, SBI has planned the implementation of these services. As per the latest stats, over 75% of the top management (above Assistant General Manager) set to retire by 2020. This is the only reason why SBI is planning to recruit 1837 Probationary Officers and 5400 Assistant Officers. With the salary of Rs.70,000 being offered to the freshers who join as Probationary Officer. State Bank of India believes that they will not face any major attrition challenge due to private banks and other opportunities available in market to the fresh talent.