SBI, under Chairman Dinesh Khara, has shared plans for recruiting around 12,000 new employees across different functions, including IT. Khara made this announcement when the bank was reporting a 24% rise in its net profit to Rs 20,698 crore for the March quarter of FY24.
The bank's employee base, which was 2,32,296 in FY24, had decreased from the 2,35,858 figure last fiscal. According to Khara, a large number of recruits are likely to be engineers, and almost 85% of the recruits at the associate and officer level would be engineers.
On training, he said the plan was to give the new recruits comprehensive exposure to the operations of the bank and then deploy them gradually in different associate roles, including the IT area.
SBI has also announced a dividend of Rs 13.70 per share for FY24 and displayed encouraging trends in its key financial metrics. The net NPA has declined to 0.57% from 0.67% last year, showing an improvement in the quality of its assets. The total income.
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