The State Bank of India (SBI) plans to recruit nearly 10,000 new employees in the current financial year. The recruitment drive aims to address the bank’s general banking needs and enhance its technological capabilities.
This decision reflects the increasing importance of digital innovation in modern banking. SBI has been making significant investments in technology to improve customer service and strengthen the resilience of its digital platforms. Recognizing the growing role of technology in shaping the future of banking, the institution has prioritized expanding its workforce in this area. This strategy includes a focus on hiring professionals with specialized expertise to ensure the bank stays competitive in an increasingly digital environment.
The bank has already initiated the recruitment of around 1,500 technology professionals, covering both entry-level and senior positions. This includes roles such as data scientists, data architects, and network operators— critical positions that will support SBI’s ongoing digital transformation.
Despite its emphasis on technology, SBI has also acknowledged the importance of maintaining a balance between its technological initiatives and traditional banking services. The recruitment drive aims to bridge both worlds by integrating technological expertise with general banking knowledge, ensuring that the bank’s overall operations remain robust.
According to C S Setty, chairman of SBI, the overall recruitment target for the year ranges between 8,000 and 10,000 new employees, encompassing a mix of roles in both technology and general banking. This diversified hiring approach will enable the bank to meet the dual demands of advancing its technological ambitions while continuing to serve its core banking functions.
As of March 2024, SBI’s workforce stood at 232,296, including 110,116 officers. The planned recruitment will significantly increase these numbers, further enhancing the bank’s capacity to meet the needs of its vast customer base across various sectors.
The bank is also committed to continuously reskilling and upskilling its existing employees to adapt to shifting customer expectations and rapid technological advancements. Through ongoing capacity-building efforts, SBI aims to ensure that its workforce remains equipped to navigate the challenges and opportunities of the digital age.
