Mumbai, October 7: State Bank of India will reportedly hire around 10,000 employees and open 600 new branches this financial year. The reason for the SBI hiring spree is its need to meet general banking requirements and enhance its technological position. The government-owned SBI has reportedly been investing in technology to improve customer satisfaction and boost its digital infrastructure.

According to a report by ABP Live, the SBI workforce was 2,32,296 in March 2024, out of which 1,10,116 were officers. The company would significantly increase its workforce with the massive hiring of 8,000 to 10,000 employees. The State Bank of India would reportedly hire for specialised and general roles. The bank said in a statement that it would begin hiring for several positions in technology. Tech Hiring in India 2024: TCS, Cognizant, Accenture and Several Other Tech Companies To Begin Hiring IT Students in Tamil Nadu; Check Details.

Challa Sreenivasulu Setty, Chairperson of SBI, said that the bank had been offering reskilling and upskilling and focusing on digitisation. He said that customers' expectations and technologies were constantly growing, and digitisation was becoming widespread. Setty said that the State Bank of India reskilled its employees at all levels to meet customer expectations and offer an enhanced banking experience.

Further, the SBI Chairperson said the bank would open 600 new branches across India during this financial year. State Bank of India is one of the largest banks with over 22,542 branches, 65,000 ATMs and 80,000 business correspondences in India. The bank offers its services to over 500 million customers across the country. The SBI expansion strategy would reportedly focus on emerging areas such as residential and colonies. Cognizant 2.52 LPA Salary Package Sparks Meme-Fest: Netizens Share Funny Memes After Off-Campus Mass Hiring Drive Notice Appears Online, Ask 'Kya Karenge Itni Dhanrashi Ka'.

Besides expansion, Challa Sreenivasulu Setty shared his vision about making the State Bank of India one of the best and most valued networks for every stakeholder. He added that the expansion strategy would help the bank grow, and stakeholders, including customers, shareholders, and the larger ecosystems, would view SBI as the best bank to work with.

(The above story first appeared on LatestLY on Oct 07, 2024 01:09 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).