SBI to hire B-school graduates for the new executive pool
Thursday, 08 April 2010, 15:11 IST   |    17 Comments
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SBI to hire B-school graduates for the new executive pool
Bangalore: The current fiscal may bring some happiness among B-schools, as India's largest lender State Bank of India is now on a hunt to pick up B-school talents to form a new pool of bank executives. Till now the bank was mainly hiring people for clerical and probationary officers (PO) posts. The bank increased the number of hires to as many as 25,000 recruitments this year. Till last year, only SBI Capitals, the subsidiary of SBI was involved in hiring B-school graduates. But the pressure of creating a new pool of professionals to carry forward the banking saga, the bank has taken the path towards B-schools. Talking to Rupee Times, a SBI official said, "The management graduates selected would be termed as executive trainees and they would be granted the scale II level. The batch will undergo further training. We are trying to change the matrix this time and have recruited almost 480 officials nationally at the scale-II level." So far the POs selected had to wait for five years to get promoted to scale II level. The bank believes that the idea of this hiring is to induct high-skilled officials, who will be groomed to become leaders in future. The basic salary for these executives will be 13, 820 as compared to 10,000 which is received by probationary officers.

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