Dear friends
We have been receiving these queries from past many days. We are here with a complete explanation to actually why merging of subsidiaries with State Bank of India affect new job opportunities in SBI.
Before we begin, Let us put a few details here.
What will happen to the branches of Associate Banks:
In a merger all branches will be converted to State Bank of India branches. State Bank will have collectively 22000 branches across the country. Now at many places already multiple SBI banks are available. At some places 5-6 branches are available at one place. SBI Will move to relocate or merge her branches to save cost depending on the size of branch. We expect ever 2500 branches will be closed/ relocated/ merged in the process.
How to Plan your Preparation for IBPS PO VI
What will happen to the staff:
Associate banks were like state based banks, having their huge presence in the state of their origin. After the subsidiaries are merged with SBI, the staff of the associate bank will face all India transfers.
Will their be surplus staff:
If we go by the calculations, yes the answer is yes. After merger we estimate the combined staff strength of SBI to be around 3.25 Lac and no of branches around September 2017 to be 19000. In this case it looks like that SBI will have surplus staff with them.
Will it affect New hiring:
Yes it will probably affect new hiring over the next couple of years. The things will improve because about 40% of the workforce in SBI is scheduled to retire by 2021.
Previous Year Cutoff Of IBPS PO 2016
Hola! If you haven't heard this quote yet, take a moment to read it here.…
"Think good an good follows. Think evil and evil follows. Think creative and creativity will…
Better late than never! Apologies for the delay in responding, but I'm here now to…
By providing accurate information, context, promoting critical thinking, raising awareness, connecting global and local issues,…
Current affairs coverage often showcases stories of individuals and communities making a positive impact. Q1.…
Current affairs coverage helps individuals understand the interconnectedness of global and local events. It shows…