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State Bank of India to Cut Down its Employee Base in 2018


Country owned State Bank of India has decided to cut its employee number in the year 2018. SBI Chairman Rajnish Kumar said that it had reduced its employees by 10,584 in the six months period after its merger. SBI Staff has cut down to 2, 69,219 as on September 2017 from 2, 79,803 employees as on March 2017. Prior to the reduction of Employee Base, SBI has merged its five associate banks and Bharatiya Mahila Bank on 1st April 2017.

Reason of Reducing SBI Employee Base

The reason for reducing Employee Base is due to retirements of its employees and voluntary retirement scheme. State Bank of India will start its integration process from the first quarter of FY 2018. Reducing its employees is taking place due to the integration of a close network of SBI. To rationalize personnel costs of the SBI, it has reduced the workforce and will reduce it about 10 percent of staff in the coming two years.

Also Read: No more SBI Clerical Recruitment

State Bank of India is not the first bank in India, where jobs have been hit by technology. ICICI Bank has also cut down their headcount by 1,082 employees from July to September 2017 whereas HDFC Bank added 2,700 employees. It is planning to redeploy more than 10,000 employees on board. It is expected that nearly 15,460 employees are going to take full-year retirements in FY18. Due to this, the staff count will further decline by 4,876.

SBI in the second half of the fiscal year had released the recruitment notification for 2,200 Probationary Officers; this is the only recruitment from India’s largest bank so far. Selected candidates will be joining from January 2018.

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State Bank of India launches YONO Mobile app: India’s first integrated lifestyle & banking digital app

Yono mobile app

State Bank of India has unveiled the nation‚Äôs first integrated lifestyle & banking app called the YONO app. YONO refers to the acronym ‘You Only Need One‘. Union Finance Minister Arun Jaitley has launched the digital mobile application.

According to the State Bank’s official release, YONO will be the first digital banking platform to offer customized products and offers from over 60 e-commerce players by leveraging analytics, besides a range of banking and financial services.

“YONO will also allow customers to meet their lifestyle needs across 14 different categories including booking and renting cabs, entertainment, dining experience, travel and stay, medical needs and so on,” Concluded the Statement.

To provide customers best offers and discounts, the state-owned SBI has collaborated with e-commerce companies like Amazon, Uber, Ola, Myntra, Jabong, Shoppers Stop, Cox & Kings, Thomas Cook, Yatra, Airbnb, Swiggy, and Byjus.

No Need to Link Aadhaar Card Details with Bank Account as of Now: RBI

Rajnish Kumar, SBI Chairman, said during a conference here today that the portal has been designed to offer maximum customer convenience and that the product has been developed by SBI using artificial intelligence, predictive analysis and machine learning. It can be accessed through both Android and iOS platforms.

Apart from the SBI Users, the Non-State Bank Users can also download and use the YONO application. Like other Apps, the SBI YONO Digital App can be downloaded from the Google Play Store. State Bank Users can easily open their SBI savings bank account and process loans using this app.

P.K Gupta, MD of SBI said, “It is practically a digital bank, but it is part of SBI. RBI rules limit transaction without bio-metric authentication. There won’t be any restrictions on the account for which bio-metric verification completed. Customers need to complete the bio-metric process in any branch.’

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State Bank of India introduces New Savings Account Minimum Balance, ATM Withdrawal Rules

State Bank of India to impose a penalty up to Rs. 100 per month (excluding GST of 18 per cent) if prescribed monthly average balance in savings bank accounts is not maintained. As per Reserve Bank of India rules, banks can now charge for non-maintenance of minimum balance in regular savings accounts.

Penalty amounts for failing to comply with MAB will vary from Savings bank accounts in metros, urban, semi-urban and rural branches. Depending upon the quantum of the shortfall, SBI imposes specified penalties ranging from Rs. 50 to Rs. 100 excluding taxes.

For example, SBI savings bank account in the metro city must maintain a monthly average balance of Rs. 5,000. If the average balance shortfall during a month is more than 75 percent, a non-maintenance charge of Rs. 100 will be imposed.

No more SBI Clerical Recruitments for 2017- 2018 : Arundhati bhattacharya

If in case the average balance falls between Rs. 1,500 and Rs. 2,500, this causes a shortage of more than 50 per cent, a charge of Rs. 75 will imposed excluding taxes. SB accounts with Rs. 2,500 balance will be charged a penalty of Rs. 50, plus taxes. Account holders from urban areas, semi-urban and rural areas, MAB requirements are noted at Rs. 3,000, Rs. 2,000 and Rs. 1,000 respectively.

“A regular review of your account will help you to ensure the average monthly balance is maintained and avoid the minimal charges,” SBI tweeted.

SBI allows eight free ATM transactions which include 5 at SBI ATMs and 3 at other bank ATMs in metro cities. Non-metro cities get 10 ATM transactions with 5 includes at SBI ATMs and 5 at other ATMs. A charge of Rs. 20 and taxes will be imposed on exceeding the permissible limit on ATM withdrawal.

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SBI PO Mains Result 2017 Declared: SBI Probationary Officer Mains Exam Results, Cut off Marks @ sbi.co.in

SBI PO Mains Results 2017

SBI PO Mains Result 2017 is released. State Bank of India has released the notification and invited applications from the eligible and interested candidates to fill 2403 Probationary Officer vacancies all over India. It has conducted Mains exam on 4th June 2017 for the candidates who have qualified in the Preliminary exam. Candidates can check SBI Probationary Officer Mains Result from the official website sbi.co.in.

Twenty times the number of available vacancies shortlisted for SBI PO Mains 2017. It has conducted Mains Exam for 250 Marks, those marks will be normalised to 75 Marks, and the remaining 25 marks will be from GD-PI. Candidates can check Probationary Officer Cut off marks and sectional cut off marks from the official site. We have attached an active and direct link of SBI PO 2017 Mains Result at the end of our page.

State Bank of India which is abbreviated as SBI was nationalised in the year 1956. It is the largest public sector bank in India which is headquartered at Mumbai, Maharashtra. Every year SBI recruits eligible candidates by conducting exams. Now students are eagerly waiting for SBI PO Mains Result 2017.

Candidates can download SBI Probationary Officer Mains Exam Result from the official website sbi.co.in. Enter your Registration Number/Roll Number and DOB in (DD-MM-YY) format to check your Mains result. State Bank of India has released SBI PO Mains Cut off Marks, and Sectional Cut off marks based on category.

Qualified candidates will get a call to attend for Group Discussion and Personal Interview. SBI is going to conduct GD-PI on July 10 for the candidates who cleared Mains Exam. GD-PI is for 50 Marks which will be normalised to 25 Marks. Concerned authorities will prepare SBI PO Merit List based on Candidates performance in Mains and GD-PI. The bank will declare the SBI Probationary Officer Final Result 2017 on 5th August.

Name  of the Organization State Bank of India(SBI)
Official Site    sbi.co.in
Exam Name    SBI PO Mains
Exam Dates    4th June 2017
Category    Results
Status    Released

   Steps to download SBI PO Mains Result 2017

  • Go to the official website sbi.co.in
  • Click on ‚ÄúSBI PO Mains 2017 Result pdf‚ÄĚ Link
  • Enter your Hall Ticket Number to find
  • Click on Search Button
  • Download and save it for future use.

For SBI PO Mains Result 2017 Click Here

Recruitment of Probationary Officers in State Bank of India (Advertisement No. CRPD/PO/2016-17/19) Result of the Main Examination held on 4th JUNE, 2017 Roll Numbers of Candidates Shortlisted for Phase - III (Group Exercise & Interview) Further details (Group Exercise & Interview etc.) will be advised to the selected candidates by SMS or e-mail separately.

For SBI PO Mains List Candidates Shortlisted for Phase - III (Group Exercise & Interview) Click Here

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SBI SME Admit Card 2017 Released: Download State Bank of India SME Hall Ticket @ sbi.co.in

SBI SME Admit Card 2017 is released. State Bank Of India is going to conduct Special Management Executives Exam on 18th June 2017. A huge number of candidates have applied for 554 MMGS- II and MMGS- III vacancies. Now the aspirants can download State Bank Of India SME Call Letter 2017 from the official website sbi.co.in.

Candidates can get the hall ticket through online mode only. Check exam date and venue of the exam on your call letter. An active an direct link of SBI SME Admit Card 2017 is attached at the bottom of our page.

BREAKING: No more SBI Clerical Recruitments for 2017- 2018 

SBI which stands for State Bank of India was nationalized on 2nd June 1956. Recently it has merged all its associate banks. SBI is headquartered at Mumbai, Maharshtra. Candidates can check the offcisl site sbi.co.in to download SBI Special Management Executives Hall Ticket.

Applicants can guided to download SBI SME Admit Card 2017 from our site by following simple steps. Check the official site and enter your Registration Number and DOB (DD-MM-YY) and save it. Download your SBI Special Management Executives Hall Ticket before the link expires. Carry your Original Id proof along with your call letter on your exam date.

It is important to know the SBI SME Exam pattern before you attend the exam. It is an Online computer based test which consists of 200 MCQ’s. You are allotted 120 minutes time duration for the exam. MMGS Grade- II is for 150 Marks and MMGS- III Selected candidates will be called for interview based on his marks. Personal interview is for 50 Marks. Check State Bank of India SME Exam Dates from the official website sbi.co.in.

Last Minute Preparation Tips & Strategies to Crack SBI Exams

Organization Name  State Bank Of India
Official Site  sbi.co.in
Exam Name  Special Management Executives
Exam Date  18th June 2017
Category  Admit Card/Hall Ticket/Call Letter
Status  Released

Steps to Download SBI SME Hall Ticket 2017

  1. Go to the official website sbi.co.in
  2. Click on SBI SME Admit Card 2017 Download Link
  3. Enter your Registration Number and DOB
  4. Hit Login Button
  5. Download and Save it for future reference

Download SBI SME Admit Card 2017 Click Here 

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