State Bank of India (SBI) Recruitment for Circle Based Officer (CBO) Posts 2020

State Bank of India (SBI) has published an Advertisement for Circle Based Officer (CBO) Posts. Eligible Candidates advised to refer to the official advertisement and apply this post. You can find other details like age limit, educational qualification, selection process, application fee and how to apply are given below. 

Job Details:
Posts: Circle Based Officer (CBO)

Category Wise Vacancies:
General – 1575 Posts
OBC – 383 Posts
EWS – 1035 Posts
SC – 573 Posts

ST – 283 Posts

Total No. of Posts: 3850

Educational Qualification:
Candidates having Bachelor Degree in Any Stream at Any Recognized University in India will be eligible for this post.

Know the Local Language & 2 Year Experience
Please read Official Notification for Educational Qualification details.

Age Limit: (Must have been born not earlier than 02.August.1990)
Minimum – Not Specified, Maximum – 30 Years
Age Relaxation (Upper Age Limit): As per Rules

Fee: 
General/OBC/EWS – Rs. 750/-
SC/ST/PH – Rs. 0/-

Payment will be made through Debit Card/Credit Card/Net Banking/E Challan

Pay Scale: Rs.31,705/– Rs.45,950/-Plus Other Allowances

Selection Process:
Candidates will be selected based on Shortlisting of Application,
Interview, Merit List

How to Apply ?:
Interested Candidates may Apply Online Through official Website.

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More details: Click Here

Apply Online: Click Here

Important Dates:

• Starting Date of Online Application: 27-07-2020
• Last Date to Apply Online & Fee Payment: 16-08-2020

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State Bank of India (SBI) net profit up 81% in Q1, beats estimates

India’s largest public sector lender State Bank of India (SBI) on Friday reported a net profit of Rs.4,189.3 crore in the June quarter of FY21, up 81% year-on-year (y-o-y), owing to a rise in net interest income.

Its profit was also backed by a one-time gain of Rs.1,539.73 crore on sale of a 2.1% stake in SBI Life Insurance Company Ltd in June.

SBI’s net interest income (NII) or the difference between interest earned and expended, rose 16% on a y-o-y basis to Rs.26,641.5 crore. The bank’s profit came in substantially higher than Bloomberg consensus estimate of 15 analysts that pegged it at Rs.3,375 crore. In the June quarter of FY20, the bank had reported a net profit of Rs.2,312 crore.

While SBI’s total provisions rose 36% y-o-y to Rs.12,501 crore in the June quarter, its other income declined 0.7% y-o-y to Rs.7,957 crore in the same period. SBI said that during quarter it has made an additional provision of Rs.1,836 crore for covid-19 and it hold total provisions of Rs.3,008 crore for the pandemic as on 30 June.

Rajnish Kumar, chairman, SBI said that 9.5% of the bank’s loan book is under moratorium as on 30 June. “The bank has an outstanding term loan book of ₹16 trillion and 90.5% of this book is where two or more installments have been paid," said Kumar.

According to Kumar, most corporates and particularly those rated AA and AAA are in a position to service loans from September. “As of now the scrutiny of the accounts which has been done by the bank, indicates that most of these corporates will be able to repay from September, depending upon what happens to the moratorium in RBI policy. We believe that they are preserving cash," said Kumar.

SBI’s net interest margin (NIM), a key measure of profitability, improved 30 bps sequentially to 3.24% in the June quarter.

The bank’s asset quality improved in Q1FY21, with gross non-performing asset (NPA) ratio – gross bad loans as a percentage of total loans – declining 71 basis points (bps) sequentially to 5.44%. Among loan categories, while corporate bad loan ratio declined 586 bps y-o-y to 7.73%, its agriculture gross NPA ratio rose 229 bps in the same period.

In the June quarter, SBI saw slippages of ₹3,637 crore, down from ₹16,212 crore in the same period last year. Its recoveries and upgradations were lower in Q1 FY21 on a y-o-y basis to ₹3,608 crore.

“If there is a prolonged recession or a situation where recovery does not happen, corporate slippages may happen. But, the book of the bank and its composition, as compared to what happened in 2017-18, is very different," said Kumar.

Kumar said that the bank is expecting recoveries of ₹11,000 crore in the next two quarter of September and December.

“Recoveries were slightly muted in the first quarter because of the economic condition, but we are expecting it to significantly rise. As of now, given the moratorium that we have, we are not expecting any fresh addition to the slippages," he said.

SBI’s total deposits rose 16% y-o-y to ₹34.19 trillion and its total advances rose 6.6% y-o-y to ₹23.85 trillion. Its capital adequacy ratio under Basel III guidelines was at 13.4% as on 30 June. On home loans, auto loans and personal loans, Kumar said a U-shaped credit curve is visible where April 2020 was the bottom and is now showing an upward trend.

“Of course, these are early signs and we would like to wait for another quarter. As of now the trend with regard to sanctions and disbursements in these segments particularly is showing an upward trend," said Kumar.

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Overall Comparison of Top 8 Banks in India

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Top Public Sector Banks In India 2020

These banks have emerged to be trusted brands where people deposit and invest money without thinking twice. Some of these banks stand out when it comes to offering services and are thus a preferred choice of greater number of people.

Here is a look at some of the best public sector banks in India.

1] State Bank of India 

Commonly known as SBI, this bank was set up in the year 1955. It is one of the oldest and the most trusted public sector banks in India. SBI is owned by the Indian government. It offers all kinds of banking services and is known for maintaining transparency in its dealings. It boasts of more than 40 crore satisfied customers.

After receiving an overwhelming response from people in India, the bank went on to open its branches worldwide. Today, it has nearly 200 offices in 36 different countries.  The headquarters of SBI are located in Mumbai.

2] Bank of India

This bank was established in the year 1906 as a privately owned entity. However, after the nationalization of banks, it became a public sector bank. This change took place back in 1969. The bank has 5,500 branches operating across the country. 

It has been serving millions of Indians by catering to their banking requirements.The bank also has its branches outside the country. It operates in 22 other countries with around 60 branches. New York, Paris, London and Singapore are among the countries where Bank of India has its branches.

3] Punjab National Bank

This bank came into being in the year 1895. It was founded under the guidance of one of the greatest Indian leaders of all times, Lala Lajpat Rai. The bank was established as a part of the Swadeshi movement. PNB was managed solely by Indians.

It became extremely popular in the pre-independence era and is still trusted as much. It offers several banking services and is known for providing quality banking products. The bank has around 7000 branches and has its presence in every nook and corner of the country.

4] Bank of Baroda

Bank of Baroda was opened in Vadodara, Gujrat in the year 1908. The bank is known to offer quality banking and finance services to its customers ever since its inception.

It is known to be the second largest nationalized bank in the country. The bank does not only operate in India but has its presence around the world. It operates in as many as 25 countries across the globe with more than 75 million happy customers. Dena bank and Vijaya bank merged with Bank of Baroda recently thereby making it an even bigger entity.

5] Central Bank of India

Central Bank came into being in the year 1911. It has been serving the customers happily ever since the beginning. The bank is known to offer numerous banking products.

It has a team of qualified and experienced bankers who have the answer to all your banking related queries and are always happy to help their customers. The bank has nearly 5,000 branches operating pan India. It also has offices in Hong Kong and Nairobi.

The headquarters of this bank is set up in Mumbai.

6] Canara Bank

Established in the year, 1906, Canara bank has its headquarters in Bengaluru. The bank has more than 6000 branches and nearly 9500 ATMs operating across the country. It offers several banking products and is known to offer impeccable service. It has more than 8 crore happy customers.

The bank does not only operate in India but has its branches in many other countries too. It has been serving people in New York, Hong Kong, Shanghai, London, Manama, Leicester, Johannesburg and Dubai.

7] Union Bank of India

Union Bank of India started as a limited company in the year 1919. It became a full-fledged bank in the year 1969 after nationalisation. The bank offers numerous banking products. By providing quality banking services consistently for years it has managed to acquire more than 5 crore customers.

Its customer base is increasing with every passing year. It is the proud owner of over 4500 branches spread across India. It also has branches in 4 other countries including Hong Kong, Sydney, Dubai and Antwerp.

8] UCO Bank

UCO Bank was established back in the year, 1943. It has its headquarters in Kolkatta, West Bengal. The bank has around 50 branches across the country and nearly 4000 plus service units. It has also made its presence overseas with branches in Singapore and Hong Kong.

9] Bank of Maharashtra

Bank of Maharashtra came into being in the year, 1935. The bank has been offering excellent service to its customers ever since its inception. It provides all kinds of banking and finance services. It has its headquarters in Pune. 87.74% of the total shares of the bank are held by the Government of India.

10] Indian Overseas Bank

Indian Overseas Bank was established back in the year, 1937. It has more than 3,400 branches across the country. The bank offers a host of banking services to meet the requirement of different segments of customers. After its success in the country, the bank went on to open branches in foreign land. It has 6 foreign branches.

You can safely open account and acquire other banking services from any of these banks!

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SBI net profit jumps to Rs.3,581 crore in Q4

State Bank of India (SBI), the country's largest lender by assets, reported a more than four-fold jump in profit for the fourth quarter on Friday, driven by a one-time gain from a stake sale in its credit card unit. Net profit for the three months ended March 31 jumped to Rs.3,581 crore from Rs.838 crore a year earlier, SBI said in a regulatory filing.

SBI's net profit was lifted by a one-time gain of Rs.2,731 crore on sale of certain portion investment in bank's credit card subsidiary SBI Cards in Q4.

Gross bad loans as a percentage of total loans, a measure of asset quality, eased to 6.15% from 6.94% in the previous quarter, while provisions for bad loans fell 31.4% to Rs.11,894 crore.

Highlights of SBI results:

SBI registered a net profit of Rs.3,581 crore in Q4FY20, an increase of 327% over Q4FY19.

For the full year FY20, net profit stood at Rs. 14,488 crore against net profit of ₹862 crore in FY19. This is also the highest ever yearly net profit recorded by the Bank.

Operating Profit increased to Rs. 68,133 Crores in FY20 from Rs. 55,436 Crores in FY19, an increase of 22.90% YoY.

Net Interest Income of the Bank grew by 11.02% YoY during FY20.

Domestic Net Interest Margin (NIM) improved to 3.19% in FY20, registering an increase of 24 bps YoY.

Non-Interest Income for FY20 at Rs. 45,221 Cr is up by 22.97% YoY.

Total Deposits grew at 11.34% YoY, out of which Current Account Deposit grew by 7.56% YoY, while Saving Bank Deposits grew by 9.99% YoY.

Credit Growth stood at 5.64% YoY, mainly driven by Retail (Personal) Advances (15.40% YoY) and Foreign Office Advances (18.05% YoY).

Home loan, which constitutes 22% of Bank’s domestic advances, has grown by 13.86% YoY.

Net NPA ratio at 2.23% is down 78 bps YoY and 42 bps QoQ.

Gross NPA ratio at 6.15% is down 138 bps YoY and 79 bps QoQ.

Provision Coverage Ratio (PCR) has improved to 83.62%, up 489 bps YoY and 189 bps QoQ.

Slippages Ratio for FY20 has declined to 2.16% from 2.42% as at the end of 9MFY20.

Credit Cost as at the end of FY20 has declined 79 bps YoY to 1.87%.

Cost to Income Ratio has improved from 55.70% in FY19 to 52.46% in FY20, an improvement of 324 bps.

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Govt asks SBI to form consortium to buy stake in YES Bank: Report

The government has approved a plan for country’s largest lender, State Bank of India, to lead a consortium that will buy a stake in private lender Yes Bank, news agency Bloomberg reported on Thursday.

State Bank of India has been authorized to pick other members of the consortium and the announcement is expected soon, the report said.Following the development, shares of YES Bank jumped 9.56 per cent to hit a high of Rs 32.10 on BSE. Shares of state-run SBI fell 3.01 per cent to Rs 276.70.

As per media reports, SBI has been told to invest as a lead in a consortium in Yes Bank. Though we may see a big spike in price of Yes Bank and negative reaction in price of SBI, we recommend caution to retail investors. The critical thing to watch would be percentage dilution of equity taking into consideration the conversion of existing bonds issued by Yes Bank into equity," said Abhimanyu Sofat, Head Of Research, IIFL Securities.

Earlier in January, the chairman of the bank had expressed his strong belief that “some solutions will emerge” to bail out the private lender.

YES Bank has so far failed to bring a strategic investor. Reports recently suggested that the private bank had approached mutual funds for raising fresh equity capital worth $300-$500 million.

The private lender had earlier said it has delayed its third-quarter earnings as the bank is reviewing non-binding expressions of interest from four investors.

YES Bank had plans to raise up to $2 billion to shore up its capital base.

It had picked Cantor Fitzgerald, led by former Deutsche Bank global co-CEO Anshu Jain, and local investment banks IDFC Securities and Ambit Capital to raise funds that would help the lender expand its loan book.

Recently, the private lender received non-binding expressions of interest from investors including JC Flowers, Tilden Park Capital, OHA UK and Silver Point Capital.

Also, a media report last month suggested Hinduja Group was partnering with private equity firm Cerberus Capital Management LP in seeking to pick up a stake in embattled Yes Bank.

However, nothing materialised till date.

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State Bank of India (SBI) Q3 profit jumps 41%, Biggest in 15 years

State Bank of India (SBI), the country's largest lender by assets, reported its biggest quarterly profit in at least 15 years on Friday, as provisions for bad loans fell and asset quality improved.

Net profit jumped to ₹5, 583 crore ($785.56 million) in the three months to Dec. 31, from 3,955 bcrore a year earlier. Analysts had expected a profit of ₹6,334 crore, according to Refinitiv data.

Gross bad loans as a percentage of total loans, a measure of asset quality, slipped to 6.94% at December-end from 7.19% in the prior quarter and 8.71% a year earlier, the Mumbai-based bank said in a regulatory filing.

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SBI Recruitment for Clerk (Junior Associate) Posts 2020

State Bank of India (SBI) has published an Advertisement for below mentioned Posts. Other details like age limit, educational qualification, selection process, application fee and how to apply are given below in the advertisement.

Posts: Junior Associate (Customer Support & Sales)

Category Wise Vacancy Details:

Junior Associates (Regular Post) – 7870 Posts

General – 3387 Posts

OBC – 1784 Posts

EWS – 777 Posts

SC -1209 Posts

ST – 713 Posts

Junior Associates (Backlog Post) – 130 Posts

General – 60 Posts

OBC – 19 Posts

EWS – 13 Posts

SC – 05 Posts

ST – 33 Posts

Total No. of Posts: 8000

Educational Qualification: Please read Official Notification for Educational Qualification details.

Age Limit: (As on 01-01-2020)

Minimum – 20 Years

Maximum – 28 Years

Age Relaxation (Upper Age Limit)-

SC/ST – 05 Years

OBC – 03 Years

Fee: 

General/ OBC/EWS – Rs. 750/-

SC/ST/PH/XS – NIL

Payment will be made through Debit Card/Credit Card/Net banking/E Challan/SBI Collect

Selection Process: Candidates will be selected based on the Preliminary Examination (Online Mode), Mains Examination (Online Mode)

Important Dates:

Starting Date of Online Application: 03-01-2020

Last Date to Apply Online & Fee Payment: 26-01-2020

Admit Card: 11-02- 2020

Exam Date:

Prelims Exam – February/ March 2020

Mains Exam – 19 April 2020

How to Apply: Interested Candidates may Apply Online Through official Website.

Apply Online: Click Here 

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State Bank of India(SBI) Q2 profit zooms three-fold

Public sector State Bank of India on Friday posted a 218 per cent jump in standalone net profit for the September quarter to Rs 3,011.73 crore. The lender had posted a profit of Rs 944.87 crore in the same quarter last year.

Analysts in an ET NOW poll had projected a profit of Rs 2,345 crore.

Reacting to the earnings numbers, shares of the lender jumped nearly 7 per cent to Rs 295.75.

Under exceptional items, the bank reported a net profit of Rs 3,484.30 core on sale of partial investments in subsidiary SBI Life Insurance Company.

Fresh slippages halved to Rs 8,800 crore from Rs 16,000 crore on a quarterly basis.

The asset quality of the bank improved with gross non-performing asset (NPA) ratio coming in at 7.19 per cent, down 276 bps yearly and 34 bps sequentially. Net NPA ratio was at 2.79 per cent, down 205 bps YoY and 28 bps QoQ.

Net Interest Income (NII) of the lender increased to Rs 24,600 crore in Q2FY20 from Rs 20,906 crore in Q2FY19, an increase of 17.67 per cent.

SBI’s operating profit zoomed 31 per cent to Rs 18,199 crore from Rs 13,905 crore. Domestic credit growth was at 8.43 percent at the end of September quarter mainly driven by retail-personal advances (up 18.90 per cent YoY).

The bank was holding total provisions of Rs 22,399 crore, which was 89.63 per cent of total outstanding, as of September 30, 2019.

Provision Coverage Ratio (PCR) significantly improved to 81.23 per cent as on September 30, 2019 from 70.74 per cent last year. Sequentially, PCR improved by 189 bps.

The bank said it was “well capitalised”, with fresh additional Tier I fund raising of Rs 3,104.80 crore during the quarter.

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Some PSU banks plan Diwali gifts after improved performance

Public sector banks (PSBs) here like the State Bank of India (SBI) and the Oriental Bank of Commerce (OBC) are planning to give festival gifts to their employees.

The two banks have announced a Diwali gift of sweets/dry fruits/chocolates for their staff worth Rs 1,000.

The competent authority in these two banks have issued instructions to distribute the Diwali gifts well ahead of the festival and that cash should not be given as gift in lieu of sweets/dry fruits/chocolates.

The SBI has instructed that the expenditure will be debited to the accounts of the respective offices and then appropriated from the Staff Welfare Fund for the year 2019-20, if and when allocated.

The OBC's General Manager for Human Resources Development Swarup Kumar Saha in a communication to all the branches and other offices cited the improved financial performance of the bank during the second quarter of 2019-20.

The OBC had posted a net profit of Rs 126 crore logging a growth of 23.53 per cent year-on-year. The operating profit has also increased by 20.99 per cent to Rs 1,176 crore.

The letter also said that the capital adequacy ratio and the asset quality of the banks have also improved and all these happened due to committed efforts of the staff members.

The expenses incurred on Diwali gifts will be debited to the Charges General (Staff Welfare), the OBC letter said.

While this is for the first time that Diwali gifts are given to the OBC staff, an officer association leader in SBI told IANS that it is for the second year in a row that the bank is planning to give festive gifts to their staff members.

When queried whether there is an option for non-Hindu employees to avail of the gift at a later date, for instance a Christian employee availing it during Christmas, the SBI union official refused to answer the question.

For the SBI with an employee base of about 257,000, the outgo towards Diwali gifts would be about Rs 25.7 crore.

A union official questioned the logic of giving gifts only during Diwali, that too by government banks where there are employees belonging to various faiths.

In this connection, DMK spokesperson and Member of Parliament T.K.S. Elangovan told IANS: "These banks are owned by the government of India where people of different religions work. The employees should be given the option of choosing the festival for which he would accept the gift."

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SBI Recruitment for Specialist Cadre Officers (SCO) Posts

State Bank of India (SBI) has published an Advertisement for below mentioned Posts 2019. Other details like age limit, educational qualification, selection process, application fee and how to apply are given below in the advertisement.

Total No. of Posts: 482

Educational Qualification: Please read Official Notification for Educational Qualification details.

Age Limit: (Specialist Cadre Officers (SCO) - Regular Base)

Minimum – 30 Years

Maximum – 40 Years

Age Relaxation – As Per Rules

Click here to see Detailed Advertisement

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RBI slaps fine on Nine banks due to violating norms

The RBI has imposed penalties on nine commercial banks, including SBI, PNB and BoB, for a host of violations, including delay on the reporting of fraud in the account of Kingfisher Airlines in case of two lenders.

The nine lenders in separate regulatory filings said that the penalties have been imposed on them for delay in reporting of frauds. Public sector lender Punjab National Bank (PNB) said the RBI has imposed a penalty of Rs 50 lakh on it for delay in reporting of fraud in the account of Kingfisher Airlines.

Another state-run lender Oriental Bank of Commerce said that the RBI has imposed a fine of Rs 1.5 crore on it for delay in reporting fraud in the account of Kingfisher Airlines. The aforesaid penalty is required to be paid within 14 days from the date of receipt of the RBI order, the bank added.

United Bank of India and Punjab & Sind Bank said they have been fined 1 crore each by the RBI. State Bank of India (SBI) said the RBI imposed a penalty of Rs 50 lakh on it for non-compliance relating to reporting of frauds. The RBI in exercise of the powers conferred under various sections of the Banking Regulations Act, has imposed a penalty of Rs 50 lakh on the bank for non-compliance with its directions relating to reporting of frauds, it said in a filing.

Bank of Baroda and Federal Bank reported a fine of Rs 50 lakh each on them for delay in reporting fraud in an account.

Corporation Bank and UCO Bank also reported imposition of fines by the RBI for delay in reporting of frauds.

The RBI in a release on Friday had said that it had imposed a fine of Rs 1 crore on Corporation Bank non-compliance with the directions on cyber security framework and frauds classification and reporting.

The central bank in another release on Friday had named seven banks that faced penalties of various amounts for violation of its direction on fraud classification and reporting and opening of current accounts. The RBI slapped a penalty of Rs 2 crore each on Allahabad Bank and Bank of Maharashtra, Rs 1.5 crore each on Bank of Baroda, Bank of India, Indian Overseas Bank and Union Bank of India, and Rs 1 crore penalty on Oriental Bank of Commerce.

A scrutiny was carried out by the RBI in the accounts of the companies of a Group and it was observed that the banks had failed to comply with provisions of one or more of the directions issued by the RBI, the release had said. Based on the findings of the scrutiny, notices were issued to the banks advising them to show cause as to why penalty should not be imposed for non-compliance with the directions.

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State bank of India(SBI) Q1 result, posts profit as high income

Country's largest lender State Bank of India has reported a standalone profit of Rs 2,312.20 crore for the quarter ended June 2019, aided by lower provisioning with stable asset quality.

Higher other income and operating income also boosted profitability, though tepid NII growth limited profits.

The bank had reported a loss of Rs 4,875.85 crore in the corresponding period last fiscal. On a quarter-on-quarter basis, it reported a whopping 176 percent jump in profit against Rs 838.40 crore in March quarter.

Net interest income grew by 5.2 percent year-on-year to Rs 22,938.8 crore in June quarter 2019.

Asset quality was stable with gross non-performing assets as a percentage of gross advances flat at 7.53 percent in Q1 compared to previous quarter, though net NPA as a percentage of net advances inched up by 6bps sequentially to 3.07 percent in June quarter.

Provisions for bad loans fell significantly by 32.80 percent quarter-on-quarter to Rs 11,648.5 crore in Q1. The same declined 10.65 percent YoY. Provision coverage ratio also improved to 79.34 percent at the end of June 2019, from 78.7 percent in March 2019.

Provisions and contingencies were lower by 44 percent sequentially and 52.2 percent year-on-year to Rs 9,183 crore, the bank said.

The lender further said it has been holding provision of Rs 3,553 crore for accounts covered under Insolvency & Bankruptcy Code and made provision of Rs 996 crore for arrears of wages.

Non-interest income (other income) during the quarter grew by 20 percent to Rs 8,015.4 crore compared to year-ago and operating profit increased 10.6 percent to Rs 13,246.2 crore YoY.

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Five PSU banks have over 70% NPA from industry in FY19

The non-performing assets (NPAs) in the industry sector accounted for over 50 per cent of the total bad debts in 18 of the 20 state-run banks in 2018-19, indicating the massive concentration risk still facing the banking sector.

Five state-run banks reported that bad debts from industry contributed more than 70 per cent of their total NPAs, according to Reserve Bank of India (RBI) data presented by the Finance Ministry to the Lok Sabha Monday.

Alarmingly, of these five banks, four are relatively smaller ones.

Andhra Bank had the highest share of industry bad debts at 86 per cent, followed by United Bank of India (UBI) at 78 per cent and Indian Bank at 74 per cent.

The country’s largest bank, State Bank of India (SBI) had 73 per cent of its bad debts from the industry sector, followed by Allahabad Bank at 70 per cent.

Only two banks saw the share of industry NPAs at less than 50 per cent — Syndicate Bank and Bank of India at 36 per cent and 49 per cent, respectively.

Industry issue

Basic metals and metal products, gems and jewellery, engineering, vehicles, construction and textiles have been the major groups within industry seeing high levels of stress, RBI had pointed out in its December 2018 report of trends and progress in banking in India.

In 2017-18, even though industry received 37.3 per cent of total loans and advances by all the banks, it contributed to about three-fourth of the total NPAs.

However, with resolution under the Insolvency and Bankruptcy Code (IBC) picking up pace in 2018-19, industry NPAs have been coming down and banks have been making better recoveries.

The gross NPAs of state-run banks as of March 2019 was at Rs 8.06 lakh crore, as against Rs 8.95 lakh crore in the year-ago period.

Steps taken to resolve bad debts

The Modi government has announced many steps over the last few years to tackle the burgeoning bad debt problem. These include enactment of the IBC, amendments to the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, staffing the debt recovery tribunals, and asking banks to crack down on defaulters.

However, despite all these steps, resolution of bad debts has been a slow process, forcing the Modi government to go in for a massive bank capitalisation drive to ensure that state-run banks do not breach any regulatory capital requirements.

The government has also accelerated the bank consolidation drive by merging a big banks with smaller, lesser-performing ones to create a large competitive entity. The government merged State Bank of India with its associate banks and followed it with the merger of Bank of Baroda, Vijaya Bank and Dena Bank.

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State Bank of India (SBI) Recruitment for Specialist Cadre Officers Posts 2019

State Bank of India (SBI) has published an Advertisement for below mentioned Posts 2019. Other details like age limit, educational qualification, selection process, application fee and how to apply are given below in the advertisement.

Posts:

Deputy General Manager (Asset Liability Management): 01

Deputy General Manager (Capital Planning): 01

SME Credit Analyst (Sector Specialist): 11

SME Credit Analyst (Structuring): 04

SME Credit Analyst: 10

Credit Analyst: 30

Credit Analyst: 20

Total No. of Posts: 77

Educational Qualification: Please read Official Notification for Educational Qualification details.

Selection Process: Candidates will be selected based on an interview.

How to Apply: Interested Candidates may Apply Online Through official Website.

Notification :

Deputy General Manager (Asset Liability Management): Click Here

Notification for Other Posts: Click Here

Apply Online: DGM (Asset Liability Management) | DGM (Capital Planning) | Other Posts

Important Dates:

Starting Date of Online Application: 22-07-2019

Last Date to Apply Online: 12-08-2019

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