New Delhi: India's largest lender State Bank of India (SBI) plans to recruit 9,500 workers in the current financial year 2012-13 and focus on expanding its retail segment in the forthcoming years, Chairman Pratip Chaudhuri said.
"In the coming years, our bank's main thrust will be on retail, and, as shown by our achievements, we are well positioned to meet the competition," Chaudhuri said in a letter to the shareholders, published in the state-run bank's annual report for last fiscal 2011-12.
SBI's permanent staff strength as on March 31, 2012 was 215,481, which included 80,404 officers, 95,715 clerical staff and 39,362 sub-staff, it said.
The bank's total staff strength reduced by 7,452 employees in the last fiscal, the report added.
Notably, in 2011, Chairman of recruitment body Institute of Banking Personal Selection (IBPS) M V Nair had said that Indian state-run lenders are expected to recruit over 400,000 employees in the next couple of years, as a huge number of current employees are due to retire soon.
Shares of SBI Wednesday were trading at Rs 2,206 on the Bombay Stock Exchange (BSE) at 11:08 am, down 0.04% from the previous close.