State Bank of India (SBI) is the largest Indian bank. It has a rich history which can be traced back to the colonial period. In 1806, the British government established Bank of Calcutta which was later renamed the Bank of Bengal. The Bank of Bengal had two other Presidency banks- The Bank of Bombay and the Bank of Madras. All the three banks were incorporated as joint stock companies and had the exclusive rights to issue paper currency in 1861. The bank retained these rights till the formation of the Reserve Bank of India. The three presidency banks were amalgamated in 1921 and the newly formed bank was named Imperial Bank of India. After the State Bank of India Act was introduced in 1955, the Reserve Bank of India took over the bank thus becoming the State Bank of India. In 1959, the government passed the State Bank of India (Subsidiary Banks) Act that enabled the bank to take over eight former state-associated banks as its subsidiaries. Since then, SBI acquired local banks. Recently, the Indian government took over the controlling interest of SBI from RBI in order to avoid any conflict of interest in future.
The State Bank of India has 16000 branches around the country and overseas. It offers a wide range of banking services to Indians and non-residential-Indians. The bank has an asset worth $250 billion and $195 billion in deposits. It has a market share of about 20% in deposits and advances among Indian commercial banks. SBI accounts for almost one-fifth of India’s loans. According to Frobes the State Bank of India is the 29th most reputable company in the world. SBI have been trying to curb its staff through computerizing and Golden handshakes schemes which led its best managers to go out and take over senior managerial post in other private sector banks.
In India every year, hundreds and thousands of people come out from various educational institutions but there are not many jobs. Banking is a major sector in India. Recently, SBI Bank of India announced to hire 11000 clerical staff in its various branches across India. The last date of online registration is 15th September 2009 and written exam will be held on 8th and 15thNovember 2009. Candidates must give accurate information about their educational and work experience. They also must fulfill all the necessary criterias. They have to pay the examination fee and postage amount. Once deposited, the posted amount will not be refunded.
For more information about the jobs visit the following links:
http://www.statebankofindia.com/user.htm
