Monday, March 22, 2010

SBI to open 1,000 branches in 2010-11


 Source:Press Trust of India / New Delhi March 21, 2010, 16:04 IST

Country's largest lender State Bank of India (SBI) plans
to open 1,000 more branches in the next fiscal, taking
its total branch network to over 13,000.


"SBI has opened 1,000 branches during this year and plans to
open more than 1,000 branches next year," SBI said in a statement.

At present, the public sector lender has 12,448 branches and
over 21,000 ATMs. By the end of March, it aims to scale up the
number of ATMs to 25,000.

In the current fiscal, SBI has opened 1,000 branches and 10,000 ATM.

Of the 1,000 branches, 600 were opened in rural and semi-urban areas.

During 2010-11, SBI plans to hire more than 27,000 people
across its various divisions. The bank also plans to
recruit 20,000-22,000 people at the clerical posts and 5,500 people
at the probationary officer level.

As part of its strategy to enhance focus on rural operations,
SBI plans to deploy 2,000 probationary officers in rural areas.





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