We will see the extent
of people who are retiring from the bank from all levels. So to that
(extent) we may look at replenishing that stock. We will not try to
increase. Right now, we have 2.23 lakh people working with us," Kumar
said.
By March 2014, the employee strength may fall to 2.2 lakh, he said.
"So we will try to keep the figure constant between 2.2 and 2.23 lakh
over the next few years. By reducing the staff all of a sudden, the
other activity does not function effectively. But at the same time I
should not increase my staff so much that my productivity and my expense
becomes an issue," Kumar told reporters at a press conference.
As per SBI, the head count reduced by nearly 5,000 between March and
December 2013. For the first nine months of the current financial year,
SBI incurred Rs 17,225 crore towards staff expenses, up 35 per cent over
the same period last year.
An RBI report last year said SBI ranks below the national average when
it comes to business and profit per employee. As per data on the Indian
banking sector, SBI's business per employee in 2012-13 was Rs 9.43
crore, compared with the aggregate for all banks at Rs 12.13 crore.
Replying to a query, Kumar said corporate credit offtake in the current
quarter may not be attractive given the economic conditions in the
country.
Read more at: http://www.firstpost.com/india/state-bank-of-india-may-slow-hiring-in-next-few-years-1398409.html?utm_source=ref_article
Read more at: http://www.firstpost.com/india/state-bank-of-india-may-slow-hiring-in-next-few-years-1398409.html?utm_source=ref_article
Hyderabad: State Bank
of India, the country's largest lender, may go slow on recruitments
during the next two-three years, a top bank official said in Hyderabad
today.
According to A Krishna Kumar, managing director, the bank will try to
maintain the employee strength at current levels even as it keeps
expansion programmes in mind.
Read more at: http://www.firstpost.com/india/state-bank-of-india-may-slow-hiring-in-next-few-years-1398409.html?utm_source=ref_article
Read more at: http://www.firstpost.com/india/state-bank-of-india-may-slow-hiring-in-next-few-years-1398409.html?utm_source=ref_article
Hyderabad: State Bank
of India, the country's largest lender, may go slow on recruitments
during the next two-three years, a top bank official said in Hyderabad
today.
According to A Krishna Kumar, managing director, the bank will try to
maintain the employee strength at current levels even as it keeps
expansion programmes in mind.
Read more at: http://www.firstpost.com/india/state-bank-of-india-may-slow-hiring-in-next-few-years-1398409.html?utm_source=ref_article
Read more at: http://www.firstpost.com/india/state-bank-of-india-may-slow-hiring-in-next-few-years-1398409.html?utm_source=ref_article
Hyderabad: State Bank
of India, the country's largest lender, may go slow on recruitments
during the next two-three years, a top bank official said in Hyderabad
today.
According to A Krishna Kumar, managing director, the bank will try to
maintain the employee strength at current levels even as it keeps
expansion programmes in mind.
Read more at: http://www.firstpost.com/india/state-bank-of-india-may-slow-hiring-in-next-few-years-1398409.html?utm_source=ref_article
Read more at: http://www.firstpost.com/india/state-bank-of-india-may-slow-hiring-in-next-few-years-1398409.html?utm_source=ref_article
