Effect of SBI Merger on job vacancies in SBI
Government earlier this week cleared the merger the 5 associates with State Bank of India. The associates which have been cleared for merger are State Bank of State bank of Bikaner And Jaipur, State Bank of Mysore, State Bank of Hyderabad, State Bank of Travancore, And State Bank of Patiala. Collectively these 5 associates have over 5000 branches in their respective states of operation, and a staff strength of around 50000 who will shortly become staff belonging to State Bank of India.
After Merger, State Bank will have around 22000 branches across the country and will have a staff of around 2.7 Lac employees.
Effect on Job Vacancies: It is expected that there will be a effect on job Vacancies for a few years after merger. Reason will be merger is not an easy process. There will be closing down of many branches (there are many places in India where SBI and Associates all have branches at the same place), the internal structure of State Bank of India will change. Moreover with closing of branches and improved technology, new staff requirements will minimize for a duration of time. In normal circumstances This will be a direct impact on Job Vacancies in SBI.
But it is expected that vacancies will come in similar numbers next year also as the govt. has clarified time and again that there will be no effect on Job opportunities in banking sector due to merger. We are just hopeful govt. go by her words. Also going through the words coming from
SBI HR Department: SBI employee strength is decreasing at unprecedented level due to high attrition and presently it has come down to 2 Lacs almost from 2.30 Lacs and there will be 23000 retirements on an average every year till 2022 + many associate banks employees will opt for VRS. Hence the overall vacancies which were expected to decline due to consolidation will have lesser impact due to prevailing scenario
