State Bank Of India Employees

SBI's business may hit Rs 100 trillion in FY26, says Chairman CS Setty

Sets three-year horizon for achieving net profit of Rs 1 trn per annum

SBI plans to recruit around 10,000 new employees during FY25 for efficiency

The country's biggest lender State Bank of India (SBI) intends to recruit about 10,000 new employees during the current financial year to meet its general banking requirement and foster its technical prowess. The bank has invested significantly in technology to provide seamless customer service as well as to strengthen the resilience of its digital channels. "We are strengthening our workforce, both on the technology side as well as on the general banking side. We have recently announced around 1,500 technology people recruitment both at the entry level and slightly at the higher level," SBI Chairman C S Setty told PTI in an interview. "Our technology recruitment is also on specialized jobs like data scientists, data architects, network operators etc. We are recruiting them for a variety of jobs in the technology side...So, in all, our current year requirement will be around 8,000 to 10,000 people. Head count will be added to both specialized and general sides," he said. The total

Deposit mobilisation not a challenge for bank: SBI chief Dinesh Khara

In response to declining deposits, several Indian banks have introduced limited-period special fixed deposit schemes with higher interest rates for specific tenures

SBI raises MCLR by 10 basis points for all tenors; 3rd hike in 3 months

The latest increase in MCLR by SBI comes days after the RBI left the repo rate unchanged at 6.5 per cent

SBI Recruitment 2024: Last date to apply for 1100+ vacancies to end soon

State Bank of India has invited applications for manager, officer, economist, clerk, and other vacancies. Interested candidates can apply online through the official website of SBI at sbi.co.in

SBI Q1FY25 results: Net profit rises 0.9% to Rs 17,035 cr, NII up 5.7%

NIM fell 12 bps, both sequentially and Y-o-Y basis, to 3.35 per cent

SBI Q1 results: Net profit almost flat at Rs 17,035 crore; NPA at 2.21%

State Bank of India (SBI) on Saturday reported an almost flat standalone net profit at Rs 17,035 crore for the first quarter of the current financial year. The country's biggest lender had posted a net profit of Rs 16,884 crore in the April-June quarter of 2023-24. The bank's total income increased to Rs 1,22,688 crore in the first quarter against Rs 1,08,039 crore a year ago, SBI said in a regulatory filing. During the quarter, the bank earned an interest income of Rs 1,11,526 crore compared to Rs 95,975 crore in the year-ago period. The bank's gross non-performing assets (NPA) of the total advances declined to 2.21 per cent in the first quarter from 2.76 per cent at June-end last year. Similarly, its net NPAs also eased to 0.57 per cent in June 2024 from 0.71 per cent a year ago. On a consolidated basis, SBI's net profit rose marginally to Rs 19,325 crore against Rs 18,537 crore in the same quarter of the previous fiscal. At the same time, its total income increased to Rs 1,52

Canara Bank's Q1 net rises 10.5% to Rs 3,905 cr; NII expands 5.7%

NIMs under pressure; dip by 15 bps to 2.90%

SBI to hire over 15,000 in FY25 to boost operations, expand network

The country's largest lender is also planning to open 300 new branches in the current financial year, as against 139 opened in Financial Year 24

FSIB meet on May 21-22 to select State Bank of India's next chief

In October 2023, SBI chief Dinesh Kumar Khara's tenure was extended until August 2024

May 1 bank holiday: Are banks closed today? Check state-wise list

Banks will remain closed in some states on May 1 in observance of Maharashtra Day and May Day

Positive real yields on India govt bonds visible, says SBI official

The inflation-adjusted returns will accrue even if inflation does not ease to the Reserve Bank of India's 4% target and stabilises around 5%, he said

SBI submits all electoral bond details, including unique numbers, to ECI

The unique numbers would match the buyers and the recipient political parties of the electoral bonds

Have shared electoral bonds details with ECI: SBI tells Supreme Court

'22,217 electoral bonds purchased, 22,030 redeemed between April 1, 2019, and February 15, 2024'

SC to hear SBI plea seeking more time for Electoral Bond details on Mar 11

The Association for Democratic Reforms (ADR) has filed a contempt petition in the Supreme Court against the State Bank of India for not complying with the top court's direction

SBI Clerk Prelims Result 2024 announced at sbi.co.in, details inside

State Bank of India has announced SBI Clerk Prelims Result 2024. The Junior Associate preliminary results can be viewed by applicants on the official website of SBI at sbi.co.in

State Bank of India to follow SC's verdict on electoral bonds scheme

5-judge bench of SC, comprising Chief Justice DY Chandrachud and Justices Sanjiv Khanna, BR Gavai, JB Pardiwala, and Manoj Misra, on Thursday barred SBI from any further issuance of electoral bonds

State Bank of India Q3 result: Net profit declines 35% on pension provision

One-time pension revision, dearness allowance relief hits profits; open to help Paytm merchants to avoid disruptions

State Bank of India Q3 result: Net profit declines 35%, misses forecast

Net profit fell to 9,164 crore rupees ($1.1 billion) in its fiscal third quarter from Rs 14,205 crore in the same period a year earlier, SBI reported in a stock exchange filing

SBI Card Q3 profit rises 8% to Rs 549 cr, total income grows to Rs 4,742

SBI Cards and Payment Services Ltd has reported an 8 per cent rise in net profit to Rs 549 crore for the third quarter ended December 2023. The pure-play credit card company, promoted by SBI, had posted a net profit of Rs 509 crore during the corresponding period of the previous financial year. Total income grew to Rs 4,742 crore during the October-December period from Rs 3,656 crore in the year-ago period, SBI Card said in a regulatory filing. Total operating cost increased by 23 per cent at Rs 2,426 crore for the third quarter of FY24 from Rs 1,974 crore in the previous fiscal, it said. Gross non-performing assets (NPA) rose to 2.64 per cent during the quarter under review as against 2.22 per cent a year ago. Net NPA too increased to 0.96 per cent from 0.80 per cent at the end of the December quarter of the previous financial year. As a result, impairment losses and bad debt expenses grew to Rs 883 crore from Rs 533 crore in FY23. As of December 31, 2023, the card company's c