Name : State Bank of India
Post Name :
1. Deputy General Manager posts
Qualification :All Interested Candidates should have completed Graduation Degree in Law or its equivalent qualification from a recognized Board/University. For Post Wise Qualification Go To Detailed Advertisement.
Age Limit : Candidates age limit should be Minimum 35 years, Maximum 55 years Years. Age relaxations will be applicable as per the rules. For Postwise Age Details Go To Detailed Advertisement.
Pay Scale :Rs. 68680-1960x4-76520/- .
Selection Procedure : Interview
Application Fee : For All Candidates Application Fee is 600/-
How To Apply : All Eligible and Interested candidates may fill the online application through official website http://www.sbi.co.in. After successfully submitting the application, candidate must send application through email crpd@sbi.co.in. along with relevant testimonials to the following Address before or on 7-10-2015.
Important Dates To Remember:
Last Date for Registration of Online Application Form Is: 30-09-2015 .
Last Date for Receiving of Online Application Form Is: 07-10-2015 .
For Official Notification : Click Here
For Apply Online : Click Here
For More Bank Jobs : Click Here
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SBI Plan To Recruitment 5000 Po's
State Bank of India is seeking the government's permission to dole out up to 3 per cent of its annual profits to staff in incentives in an attempt to draw top talent that normally make a beeline for private sector behemoths such as ICICI Bank and HDFC Bank.
The state-run giant also plans to give stock options to employees above the rank of assistant/deputy general manager, hoping that it will help retain talent and improve performance, two people familiar with the matter said.
If the proposals are approved by the Centre, it could lead to more than 2 lakh SBI employees sharing about Rs 390 crore of its profits and set the stage for other staterun lenders to follow suit, which will end decades-old collective bargaining by trade unions. The details of how the incentive schemes would work are yet to be finalised. The profit number is based on 2014-15 earnings.
"We are taking all regulatory approvals to incorporate a new performance-based incentive structure," said Ashwini Mehra, deputy managing director and corporate development officer at SBI, without elaborating on the proposals.
The proposals are in line with the government's initiative to induct private talent in state-run banks, which have accumulated huge bad loans due to poor credit analysis and a slowdown in the economy. The government has already split the position of chairman and chief executive, and is in the process of hiring private talent to head Punjab National Bank and other lenders.
"There is a wide gap between public and private sector middle-level bankers, both in terms of remunerations and promotions," said Babu Sivaprakasam, partner (banking), Economic Laws Practice, a consultancy firm.
"If SBI is doing it, others too should follow suit as future lies on such progressive approach," said Sivaprakasam, who has worked for large public, private and foreign banks.
An assistant/deputy general manager at a public sector bank is typically in the age group of 42-52 years, but much younger people often become vice-presidents at private sector banks and draw much higher salaries. An AGM or DGM earns Rs 22-28 lakh a year at SBI while a person can earn as high as Rs 35-45 lakh in top private banks, say headhunters.
SBI plans to hire 2,000 probationary officers this fiscal while 500-1,000 people will be taken on as contractual staff. It will also recruit 5,000 assistants. "With digital banking being the focus, candidates should have sparks for Internet banking," said SBI's Mehra.
In fiscal 2015, SBI reported a 23 per cent growth in net profit to Rs 13,102 crore. A 3 per cent distribution of net profit would mean allocating Rs 393.06 crore among 2.13 lakh employees, including 78,540 officers. Total employee payments, including salary and provision for wage revision, were 12 per cent up at Rs 19,393 crore during the period.
Source : Click Here
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SHOCKING NEWS RELEASED BY SBI
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For Latest Bank Jobs : Click Here
Post Name :
1. Deputy General Manager posts
Qualification :All Interested Candidates should have completed Graduation Degree in Law or its equivalent qualification from a recognized Board/University. For Post Wise Qualification Go To Detailed Advertisement.
Age Limit : Candidates age limit should be Minimum 35 years, Maximum 55 years Years. Age relaxations will be applicable as per the rules. For Postwise Age Details Go To Detailed Advertisement.
Pay Scale :Rs. 68680-1960x4-76520/- .
Selection Procedure : Interview
Application Fee : For All Candidates Application Fee is 600/-
How To Apply : All Eligible and Interested candidates may fill the online application through official website http://www.sbi.co.in. After successfully submitting the application, candidate must send application through email crpd@sbi.co.in. along with relevant testimonials to the following Address before or on 7-10-2015.
Important Dates To Remember:
Last Date for Registration of Online Application Form Is: 30-09-2015 .
Last Date for Receiving of Online Application Form Is: 07-10-2015 .
For Official Notification : Click Here
For Apply Online : Click Here
For More Bank Jobs : Click Here
--------------------------------------------------------------------------------------------------------
SBI Plan To Recruitment 5000 Po's
State Bank of India is seeking the government's permission to dole out up to 3 per cent of its annual profits to staff in incentives in an attempt to draw top talent that normally make a beeline for private sector behemoths such as ICICI Bank and HDFC Bank.
The state-run giant also plans to give stock options to employees above the rank of assistant/deputy general manager, hoping that it will help retain talent and improve performance, two people familiar with the matter said.
If the proposals are approved by the Centre, it could lead to more than 2 lakh SBI employees sharing about Rs 390 crore of its profits and set the stage for other staterun lenders to follow suit, which will end decades-old collective bargaining by trade unions. The details of how the incentive schemes would work are yet to be finalised. The profit number is based on 2014-15 earnings.
"We are taking all regulatory approvals to incorporate a new performance-based incentive structure," said Ashwini Mehra, deputy managing director and corporate development officer at SBI, without elaborating on the proposals.
The proposals are in line with the government's initiative to induct private talent in state-run banks, which have accumulated huge bad loans due to poor credit analysis and a slowdown in the economy. The government has already split the position of chairman and chief executive, and is in the process of hiring private talent to head Punjab National Bank and other lenders.
"There is a wide gap between public and private sector middle-level bankers, both in terms of remunerations and promotions," said Babu Sivaprakasam, partner (banking), Economic Laws Practice, a consultancy firm.
"If SBI is doing it, others too should follow suit as future lies on such progressive approach," said Sivaprakasam, who has worked for large public, private and foreign banks.
An assistant/deputy general manager at a public sector bank is typically in the age group of 42-52 years, but much younger people often become vice-presidents at private sector banks and draw much higher salaries. An AGM or DGM earns Rs 22-28 lakh a year at SBI while a person can earn as high as Rs 35-45 lakh in top private banks, say headhunters.
SBI plans to hire 2,000 probationary officers this fiscal while 500-1,000 people will be taken on as contractual staff. It will also recruit 5,000 assistants. "With digital banking being the focus, candidates should have sparks for Internet banking," said SBI's Mehra.
In fiscal 2015, SBI reported a 23 per cent growth in net profit to Rs 13,102 crore. A 3 per cent distribution of net profit would mean allocating Rs 393.06 crore among 2.13 lakh employees, including 78,540 officers. Total employee payments, including salary and provision for wage revision, were 12 per cent up at Rs 19,393 crore during the period.
Source : Click Here
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SHOCKING NEWS RELEASED BY SBI
A Government appointed search panel will conduct interviews for selecting the Chairman of the country’s largest bank SBI.
All the four Managing Directors of State Bank of India have been called for the interview, a senior Finance Ministry official said.
The Appointments Committee of the Cabinet (ACC), headed by the Prime Minister, had recently suggested that all the four SBI MDs should be called for the interview.The incumbent Chairman Pratip Chaudhuri is set to retire at the end of this month.
The Finance Ministry had sought exemption in regulatory guidelines so that more candidates could be interviewed for SBI’s top post.
Based on that, ACC suggested that the Finance Ministry invite all the four MDs for the interview, sources said.The Appointments Committee of the Cabinet (ACC), headed by the Prime Minister, had recently suggested that all the four SBI MDs should be called for the interview.The incumbent Chairman Pratip Chaudhuri is set to retire at the end of this month.
The Finance Ministry had sought exemption in regulatory guidelines so that more candidates could be interviewed for SBI’s top post.
ACC comprises the Home Minister and the administrative ministry in-charge (the Finance Ministry in this case).
As per the norms, a candidate for the post of Chairman is eligible for the interview if he/she has at least two years of service left before retirement.
As per the norms, a candidate for the post of Chairman is eligible for the interview if he/she has at least two years of service left before retirement.
Going by this rule, only one of the four Managing Directors, Arundhati Bhattacharya, is eligible for the post.
Another Managing Director A Krishna Kumar has one year and three months left before his retirement. He will retire in November next year, while Bhattacharya recently elevated as MD will retire in March 2016.
The term of senior-most Managing Director Hemant Contractor, who is group executive for international banking, ends in February next year.
Prior to her elevation, Bhattacharya was MD and Chief Executive of SBI Caps, the merchant banking subsidiary of SBI.
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