State Bank of India(SBI) Clerk Recruitment Notification Out for 1538 Vacancies

The State Bank of India (SBI) has released notification for recruitment of candidates to the post of Clerk (Junior Associate). All details related to this recruitment are given below. This recruitment is being conducted as a Special Recruitment Drive for SC/ST/OBC backlog vacancies.

Particular	Details
Organization	State Bank of India (SBI)
Post Name	Junior Associate (Customer Support & Sales)
Cadre	Clerical Cadre
Advertisement No.	CRPD/CR/SPLDRIVE/2026-27/16
Total Vacancies	1538
Application Mode	Online
Application Start Date	07 August 2026
Last Date to Apply	27 August 2026
Preliminary Exam	September 2026 (Tentative)
Main Exam	October/November 2026 (Tentative)

SBI Clerk Recruitment 2026 Important Dates

Important Events	Dates
Commencement of online registration of application	07/08/2026
Closure of registration of application	27/08/2026
Closure for editing application details	27/08/2026
Last date for printing your application	11/09/2026
Online Fee Payment	07/08/2026 to 27/08/2026

SBI Clerk Recruitment 2026 Selection Process

The selection process consists of:

1. Preliminary Examination
2. Main Examination
3. Specified Local Language Proficiency Test (LLPT), wherever applicable

Preliminary Examination marks will not be considered for final merit. Candidates will be shortlisted for the Main Examination based on their Preliminary Examination performance. Final merit will be prepared on the basis of marks obtained in the Main Examination, subject to eligibility verification and qualifying the local language test wherever applicable.

Click here to download Notification

Click here to apply Online

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State Bank of India(SBI) Q1 results: Net profit rises 10%

 

For the April–June quarter of FY27, State Bank of India (SBI) reported a 10.2 percent year-over-year increase in net profit to Rs 21,121 crore, exceeding the CNBC–TV18 poll estimate of Rs 19,145 crore. In the same period last year, the biggest lender in the nation earned a net profit of Rs 19,160 crore.

From Rs 40,907 crore to Rs 46,992 crore, net interest income (NII) increased by 15% annually. Additionally, the amount exceeded the CNBC-TV18 poll prediction of Rs 45,800 crore. In contrast to the poll forecast of Rs 30,004 crore, pre-provisioning operating profit (PPoP) for the quarter was Rs 33,530 crore.

SBI also reported a sequential improvement in asset quality. Gross non-performing assets (NPAs) declined to 1.47 percent from 1.49 percent in the preceding quarter, while the net NPA ratio eased to 0.38 percent from 0.39 percent.

Provisions rose to Rs 5,047 crore during the quarter from Rs 2,872 crore in the preceding quarter and Rs 4,759 crore in the year-ago period. However, credit cost remained unchanged sequentially at 0.27 percent and declined from 0.47 percent a year earlier.

Domestic net interest margin (NIM) stood at 3 percent during the quarter, while whole-bank NIM improved by 5 basis points sequentially to 2.86 percent.

Gross advances grew 18.6 percent year-on-year and 2.3 percent sequentially during the quarter. Slippages increased to Rs 7,359 crore from Rs 5,548 crore in the preceding quarter. The slippage ratio rose to 0.57 percent from 0.47 percent sequentially.

SBI's return on assets (ROA) stood at 1.11 percent for the quarter, while return on equity (ROE) was 17.87 percent.

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Bank of India(BOI) Officer Brutally Assaulted Inside Branch in Rajasthan; Staff Safety Under Spotlight

At the Bagru Branch in Jaipur, a Bank of India officer was viciously attacked while carrying out his professional duties. On August 4, Deepak Gajraj, a loan officer from the Bank of India's Bagru branch, called a borrower and requested that he deposit money into his loan account. A female consumer had the account. 

A man claimed to be the customer's husband when he answered the phone. Additionally, he declined to put the funds into the loan account. As the situation worsened, he and a few others entered the bank and mistreated and intimidated the loan officer. The loan borrower tore his clothes, beat the bank employee, and physically stopped him from carrying out his official responsibilities.The officer suffered severe injuries.

AIBOC Rajasthan State Unit supported the officer following the event and brought up the issue with the police authorities. In a meeting with the Jaipur Police Commissioner, a delegation made up of AIBOC Rajasthan State Secretary Ramavtar Singh Jakhar, Senior Vice President Rajesh R Jain, Bank of India Officers' Association State General Secretary Mahesh Meena, SBIOA Jaipur Circle Deputy General Secretary Saroj Mishra, and Bank of India Officers' Association State President Rameshwar Ola submitted a memorandum calling for strict legal action.

An FIR bearing No. 0309/2026 has been registered at Police Station Bagru, Jaipur West, under Sections 132, 121(1), 352, 351(2), 3(5) and 333 of the Bharatiya Nyaya Sanhita, 2023.

AIBOC has demanded the immediate arrest of all persons involved, a fair and time-bound investigation and speedy filing of the charge sheet.

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5-Day Banking Latest News: Bank Unions Announce Nationwide Demonstrations on 12 August

The United Forum of Bank Unions (UFBU) has called for coordinated protests on August 12, 2026, to call for the early adoption of five-day banking. All state capitals as well as other significant cities and locations around the nation will host the protests after business hours.

The need for five-day banking hasn't been met in over two years. In January 2026, bank workers staged a one-day walkout in support of the demand, but no decision was made about the introduction of five-day banking.

In its circular dated 4 August 2026, UFBU said that after the successful strike on 27 January 2026, bank employees and officers were expecting a positive response from the Government on the 5-day banking demand.

According to UFBU, the Indian Banks’ Association (IBA) had agreed to 5-day banking in the MOU as well as the Settlement/Joint Note, and the matter was recommended to the Government. However, a final decision is still awaited.

According to UFBU, the government has requested that banks begin preparing for the upcoming wage adjustment settlement, which is scheduled for November 2027. The unions, however, stated that a decision on the outstanding matter of implementing five-day banking had yet to be made. As a result, the unions have made the decision to bring up the issue once more and ask the government for an early ruling. 

On August 12, 2026, after business hours, UFBU has agreed to hold coordinated protests in all state capitals as well as other significant towns and locations. It has been requested that all bank employees and member unions fully participate in the program. According to UFBU, the unions will convene soon to choose their next line of action, which may include going on strike.However, no new strike date has been announced yet.

The circular has been signed by leaders of AIBEA, AIBOC, NCBE, AIBOA, BEFI, INBOC and INBEF.

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IBPS Clerk/CSA Recruitment 2026 Notification PDF, 11403 Vacancies

The IBPS Clerk (Customer Service Associate – CSA) CRP-XVI Recruitment 2026 announcement has been posted on the Institute of Banking Personnel Selection's (IBPS) official website. Starting on August 1, 2026, the online application process will be available until August 21, 2026. Applicants must be between the ages of 20 and 28 as of July 1, 2026.

Important Dates

• Short Notification Released: 27 July 2026
• Detailed Notification Released: 01 August 2026
• Online Application Starts: 01 August 2026
• Last Date to Apply: 21 August 2026 (11:59 PM)
• Pay Exam Fee Last Date: 21 August 2026
• Admit Card: Available before the examination
• Preliminary Examination (Tentative): 10–11 October 2026
• Main Examination (Tentative): 27 December 2026

Educational Qualification

Post Name	Qualification
Customer Service Associate (CSA) / Clerk	Bachelor’s degree in any discipline from a recognized university, basic computer knowledge, and proficiency in the local language of the state/UT applied for.

Vacancy Details

Post Name	Vacancies
Customer Service Associate (CSA) / Clerk	11,403

Pay Scale Details

• The basic pay for the Customer Service Associate (CSA) is: ₹24,050 – 25,390 – 30,020 – 41,020 – 57,400 – 61,800 – 64,480 (as per the prescribed pay scale).
• In addition to the basic salary, selected candidates will receive allowances and other benefits according to the rules of the participating banks.

How to Apply for IBPS Clerk Recruitment 2026

• Candidates who are interested in applying for the IBPS Clerk (Customer Service Associate) CRP-XVI Recruitment 2026 can submit their online application from 1 August 2026 to 21 August 2026.
• To apply, click on the Apply Online link provided in the Important Links section below or visit the official IBPS website. Fill in the application form carefully, upload the required documents, pay the application fee through the online mode, and submit the form before the last date.
• Candidates are advised to verify all the details entered in the application form before final submission and keep a printout of the submitted application for future reference.

IBPS Clerk Recruitment 2026 Notification PDF & Apply Online Form Link

• Download Official Notification PDF
• Click Here to Apply Online

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Bank Employees' Dearness Allowance (DA) Increased to 27.83% from August 2026 – Check Latest DA Rate

There is good news for lakhs of bank employees across India. The Dearness Allowance (DA) has been increased by 2.13%, taking the DA rate from 25.70% to 27.83% for the quarter August 2026 to October 2026.

The revised DA will be effective from 1 August 2026 and will be payable to employees covered under the 12th Bipartite Settlement.

New DA Rate Effective from 1 August 2026

The latest Dearness Allowance has been calculated based on the average Consumer Price Index (CPI-IW) for the three-month period of April, May, and June 2026.

CPI-IW Data Used for DA Calculation

Month	CPI-IW
April 2026	149.9
May 2026	150.8
June 2026	151.9
Average CPI-IW	150.86

Based on this average CPI of 150.86, the Dearness Allowance has been revised to 27.83%.

DA Increased by 2.13%

The latest revision results in an increase of 2.13 percentage points over the existing DA.

Particulars	DA Rate
Existing DA (May–July 2026)	25.70%
Revised DA (August–October 2026)	27.83%
Increase	2.13%

This increase will enhance the monthly salary of bank employees by increasing the DA component of their pay.

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Bank of India(BOI) Faces ₹50,000 Penalty for Issuing Recovery Notice to a Deceased Person

After the bank issued a recovery notice in the name of a guarantor who had passed away two years prior despite being aware of his passing, the Debt Recovery Tribunal (DRT), Patna, ruled that Bank of India's debt recovery procedures were unlawful. The panel dismissed the recovery suit and fined the bank ₹50,000 for its carelessness.

The Debt Recovery Tribunal (DRT) in Patna has heard a case alleging negligence on the part of the Bank of India. The tribunal determined that the bank had initiated loan collection procedures by sending out a notification in the name of a deceased person two years prior. The tribunal ruled that the bank's actions were unlawful, halted the recovery process, and fined the bank ₹50,000.

The case is related to Baba Someshwar Automobiles and the Bank of India. According to reports, Shambhu Prasad Singh and Abhishek Singh took a Cash Credit (CC) loan of ₹60 lakh from the Motijheel branch of Bank of India between 2017 and 2019. In 2022, the bank classified the loan account as a Non-Performing Asset (NPA).

After declaring the account as an NPA, the bank issued a recovery notice in September 2022 in the name of the property guarantor, Satyanarayan Singh. However, Satyanarayan Singh had passed away on October 26, 2020, nearly two years before the notice was issued.

His son, Shambhu Prasad Singh, had already informed the bank in writing about his father’s death. Despite receiving this information, the bank continued the recovery proceedings against the deceased guarantor.

In November 2022, Shambhu Prasad Singh filed a petition before the Debt Recovery Tribunal in Patna. He argued that the bank had wrongly declared the loan account as an NPA and had also made errors in calculating the outstanding loan amount.

After hearing both sides, the tribunal ruled that the bank’s recovery proceedings were illegal. It cancelled the recovery action and directed the bank to pay a fine of ₹50,000 for its negligence.

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Financial Results of PSU and Private Banks for Q1FY27

  

The public sector and private sector banks have released the financial results for Q1FY27. 

Public Sector Bank

Bank	Results
Bank of India (BoI)	Click Here
Punjab & Sind Bank	Click Here
Central Bank of India	Click Here
Union Bank of India	Click Here
Indian Overseas Bank	Click Here
Bank of Maharashtra	Click Here
State Bank of India (SBI)	Click Here
Punjab National Bank (PNB)	Click Here
Bank of Baroda (BoB)	Click Here
Canara Bank	Click Here
Indian Bank	Click Here
UCO Bank	Click Here

Private Banks

Bank	Results
IDBI Bank	Click Here
Kotak Mahindra Bank	Click Here
IDFC First Bank	Click Here
HDFC Bank	Click Here
ICICI Bank	Click Here
Indusind Bank	Click Here
Axis Bank	Click Here

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Canara Bank Q1 Net profit rises 2%

On July 27, state-owned lender Canara Bank announced that its net profit for the first quarter of FY27 was Rs 4,856 crore, up 2.2% from Rs 4,752 crore for the same period last year.

The bank's net interest income increased from Rs 9,009 crore in Q1FY26 to Rs 10,215 crore, a 13.4 percent increase. However, the net interest margin (NIM) for the June quarter remained constant at 2.52 percent, the same amount as in Q1 of FY26.

The PSU lender’s Capital Adequacy Ratio stood at 17.17 percent as at June 2026, out of which CET1 ratio was 12.91 percent.

The bank’s domestic deposits stood at Rs 14.73 lakh crore as at June 2026, rising 10.1 percent on a year-on-year basis, while domestic gross advances grew much faster at 17 percent YoY to Rs 12.07 lakh crore as at June 2026.

The company’s asset quality improved during the quarter. The gross non-performing assets (GNPA) ratio improved to 1.57 percent as at June 2026, reduced from 1.84 percent as at March 2026 and 2.69 percent as at June 2025.

The net NNPA ratio improved to 0.36 percent as at June 2026, down from 0.43 percent as at March 2026 and 0.63 percent as at June 2025.

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IDFC First Bank Q1 Net profit surges 132%

 

Lenders in the private sector On Saturday, July 25, IDFC First Bank released its results for the quarter that concluded in June 2026 (Q1FY27). Strong growth in net interest income (NII) and lower provisions helped IDFC First Bank post a significant increase in profitability for the first quarter of the fiscal year, with net profit more than doubling year over year (YoY).

The private sector lender posted a net profit of ₹1,075 crore for the quarter, up 132.2% from ₹463 crore in the corresponding period last year.

NII, the difference between interest earned and interest paid, increased 21% YoY to ₹5,972 crore from ₹4,933 crore a year earlier, reflecting healthy growth in the bank's core lending business. Net Interest Margin (NIM) of the Bank improved to 5.96% in Q1 FY27 from 5.71% in Q1 FY26, up 25 bps. On QOQ, basis it was up by 3 bps.

Operating profit rose 14% YoY to ₹2,553 crore during the quarter, compared with ₹2,239 crore in the year-ago period.

The bank's provisions declined to ₹1,144 crore from ₹1,659 crore in the corresponding quarter last year, although they were higher than ₹869 crore reported in the previous quarter.

Asset quality improved sequentially during the quarter. Gross non-performing assets (GNPA) stood at 1.51% at the end of the June quarter, compared with 1.61% in the March quarter. Net non-performing assets (NNPA) also improved to 0.44% from 0.48% in the preceding quarter.

Total customer business, comprising loans and customer deposits, rose 18.6% year-on-year (YoY) to Rs. 6,04,776 crore as of June 30, 2026, from Rs. 5,10,031 crore a year earlier. On a quarter-on-quarter (QoQ) basis, total customer business grew 5.2%.

The bank's loans and advances, including credit substitutes, increased 20.6% YoY to Rs. 3,05,370 crore from Rs. 2,53,233 crore, while growing 5.2% sequentially. The incremental growth was primarily driven by mortgages, vehicle loans, corporate loans and consumer loans. The retail, agriculture and MSME (RAM) portfolio expanded 18.2% YoY to Rs. 2,41,118 crore and grew 3.8% QoQ. Meanwhile, the wholesale loan book registered stronger growth, rising 30.4% YoY to Rs. 64,252 crore and 11% QoQ.

Customer deposits climbed 16.6% YoY to Rs. 2,99,405 crore as of June 30, 2026, while increasing 5.3% from the previous quarter. CASA deposits grew 24.6% YoY and 8.1% QoQ to Rs. 1,58,492 crore, taking the CASA ratio to 50.8%, compared with 48% a year ago and 49.8% in the March quarter.

The bank's return on assets (RoA) improved to 1.06% in Q1 FY27 from 0.54% in the corresponding quarter last year. Its capital adequacy ratio stood at 15.05%, including a Common Equity Tier-I (CET-I) ratio of 13.33%.

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