SBI Plans 12,000 Hires, 250 New Branches In FY27; To Dilute 1% Stake In NSE IPO
New Delhi, Sep 6: State Bank of India (SBI) intends to hire about 12,000 personnel and add around 250 new branches to its network in the ongoing financial year, said C S Setty, Chairman of the country's biggest lender. SBI plans major hiring drive "In terms of recruitment, I think we would be looking at around 11,000 to 12,000 appointments across both clerical and officer cadres this year. This…
State Bank of India (SBI) aims to hire around 12,000 employees and increase its branch network by approximately 250 branches in the current financial year, said C S Setty, Chairman of the country's largest lender. Setty told PTI that the bank anticipates appointing 11,000 to 12,000 individuals across both clerical and officer roles, with the final number dependent on retirements and emerging needs.
The bank currently employs over 2.45 lakh people, making it one of India's largest employers. SBI plans to dilute its 3.23 per cent stake in the National Stock Exchange (NSE) through the exchange's proposed Rs 30,000-crore IPO. The bank and its subsidiary SBI Capital Markets Ltd intend to reduce their combined stake by 1 per cent, with SBI Capital Markets contributing 0.35 per cent and SBI Capital Markets contributing 0.65 per cent.
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