SBI new update
Finally, the most keenly awaited SBI PO Exam is here, with 2, 403 vacancies on offer. There is great buzz all around as it opens your gateway to the most prestigious and rewarding job of all. You have enough time on hands to prepare well for it and make it really happen. But given the intense competition among the lakhs of aspirants, only those willing to put in their 100% will emerge successful. It’s high time you worked hard and made a career-changing difference in your life.
Knowing a bit more about SBI and its work culture would help you understand and put the things in proper perspective.
State Bank of India, a public sector banking and financial services company, headquartered in Mumbai, is a banking behemoth and commands 20% market share in deposits and loans among Indian banks. After the proposed mergers of its associate banks with it this year, it will have a combined asset base of Rs. 37 lakh crore, propelling it to among Top 100 Banks globally.
In 2016, the Google search trends indicated SBI jobs to be one of the most searched keywords as compared to other banks. SBI was ranked among Fortune Global 500 companies in 2016. Besides, it was the 29th most reputed company globally as per Forbes rankings. SBI is also one of the Most Trusted Brands in India as per the Brand Trust Report. Despite being a sarkari bank, it follows extremely advanced Human Resources practices, which are on par with those of the most advanced global corporations worldwide. So you can expect to find a professional, congenial work atmosphere empowered by the latest management practices.
* Excellent Salary * Wide branch network * All round development
* Cross-functional exposure * Good HR Culture * Global banking exposure
* Job security * Good training facilities
Role and Responsibilities
Understanding the profile, role & responsibilities of a SBI PO will not only save you from unexpected surprises while on duty but also gives you an extra edge while answering the interview questions. All selected POs will be on a 2-year probation, after which, they are assessed and confirmed as permanent employees.
The job profile of a SBI PO is little bit different from that of a Bank PO in other banks. You will be posted as JMG – Scale 1 in different branches i.e. Local Head Office, Regional Office, SME Branch, General Banking branch or Special Branches or Corporate Office or Zonal Offices or elsewhere. You will be learning about
- The nitty gritties of General Banking
- Marketing of New Schemes
- Bringing New Business
There is great focus on marketing and cross-selling also. Hence it is also a major part of a SBI PO’s Job Profile.
The pay scale for SBI PO is: Rs. 23700-980/7-30560-1145/2-32850-1310/7-42020 applicable to Junior Management Grade Scale-I. Currently, the starting basic pay is Rs. 27,620/- (with 4 advance increments).
Besides, you will also be eligible for D.A, H.R.A/Lease rental and other allowances & perquisites. The allowances vary depending upon the place of posting. The total compensation per annum would be between Rs. 7.55 lakh and Rs. 12.93 lakh depending on the place of posting and other factors.
The SBI also plans to offer SMART Compensation Package which would enable candidates a choice to monetize specific elements of the salary package. It is also all set to chalk out plans, regarding offering work from home option to its female employees in order to retain them.
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