SBI recruitment news update:
SBI, India’s largest lender, plans to bring aboard 12,000 fresh graduates as probationary officers and associates during FY25, according to Chairman Dinesh Khara. Of this total, 85% hold engineering degrees. Khara emphasized that there is no intentional preference for hiring engineers, stating that this is not a deliberate strategy. Recently, the RBI has intensified its focus on technology and penalized banks for deficiencies. Although Khara declined to disclose the bank’s overall technology expenditure, he highlighted that it is the highest in the industry. An official asserted that this expenditure significantly exceeds the industry average of 7-8% of operational expenses.
Following the training of over 3,000 probationary officers (POs) and over 8,000 associates with foundational banking knowledge, they will be directed into various business roles. This initiative coincides with the banking sector’s growing reliance on technology as it explores innovative methods to engage customers, while some institutions face challenges in this domain. “We introduce them to banking and subsequently guide them into different business and IT positions based on their abilities and inclinations, ensuring a steady stream of tech talent for the bank,” Khara reportedly stated.
This development occurs amidst declining attrition rates in the IT sector, traditionally a popular employment avenue for engineering graduates, despite the abundance of such graduates. Khara highlighted SBI’s significant investment in training its workforce and its establishment of an in-house institute dedicated to fostering technology skills.
Khara emphasized the importance of every staff member staying abreast of technological advancements, especially considering the bank’s substantial transaction volume. “Technology is indispensable, and we cannot afford to overlook it,” he remarked, noting that the bank regularly receives regulatory guidance on technological matters.
