SBI Recruitment 2024: In FY25, SBI, the biggest lender in the nation, plans to hire 12,000 freshmen as associates and probationary officers. Dinesh Khara, the head of the group, stated that 85% of the graduates are engineering graduates.
SBI Recruitment 2024: SBI plans to hire 12,000 freshers
Khara emphasized that this is not intentional and that there is no prejudice against onboarding engineers in the ranks. The RBI has recently tightened its focus on technology and penalized banks for inadequacies. Even while Khara reportedly refused to divulge the bank’s total IT spending, he emphasized that it is the largest in the sector, with one official stating that it exceeds the industry average of 7-8% of operating costs. This information was based on an agency report.
Following their training, the more than 8,000 colleagues with a working knowledge of banking and the more than 3,000 POs will be assigned to different business positions.
This development coincides with the banking industry’s growing reliance on technology to enhance customer engagement. Some institutions are facing difficulties in this area. Khara mentioned that they introduce individuals to banking and then guide them into different business and IT positions based on their skills and disposition. This approach aids in maintaining a steady stream of technical talent for the bank.
The development also coincides with declining attrition in the IT industry, which is a popular career path for recent engineering graduates. This means that, despite a surplus of engineering graduates, fewer employers are employing from this area.
According to Khara, SBI makes significant investments in employee training and maintains an own institute specifically dedicated to imparting technical skills.
Khara stated that all employees must stay up to date on technology, citing the large amount of transactions handled by the bank as justification. He stated, “Technology is very important, and none of us can ignore it.” The bank regularly receives advise on these matters from the regulator.
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