The move seeks to strengthen position in rural areas following the management’s dissatisfaction of the lender’s progress in these areas.
To consolidate its position, public sector giant - State Bank of India (SBI) - has invited applications for 1,000 positions of probationary officers to serve in the rural and semi-urban areas. A special cadre - rural business group - has been formed with officers having to mandatorily serve in these areas for a period of 10 years.
This is the second round of recruitment for this cadre with invitations for 2,000 jobs being made a few months ago. The new recruits are presently undergoing training. "The bank may come up with more such job offers if the present model is found successful," said a source in the Mumbai office of the SBI, according to a report in Times of India.
The management was not satisfied with the bank's progress in rural areas. The disconnect between the banker and the client was also a reason for increasing non-performing assets (NPA), feel officials.
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