Are you considering a career in banking? Think again.. Between FY17 and FY24, while the Indian banking sector added half a million new jobs, public sector banks said goodbye to over 1,00,000 employees... In FY24 alone, 11,154 jobs vanished, with the State Bank of India leading the exit wave at 3,562 employees. Is this the end of stable PSU jobs as we know them?

an assistant manager

4mo

Fake SBI Branch Scam Uncovered in Chhattisgarh!🤷‍♂️

A fake State Bank of India branch was operating in Chhapora, Chhattisgarh, deceiving locals for 10 days before police intervened. Six individuals were recruited under false pretenses, complete with fake training and setups. Four suspects have been identified. How can we strengthen our banking system to prevent such audacious frauds in the future? 🚨🤷‍♂️

greatking

8mo

A Team Lead

Just Read, SBI hiring big! 12,000 techies across India!

State Bank of India is on a hiring spree looking to fill 12,000 roles, including IT specialists. But here's the thing... Is SBI a techie paradise, or is it more like a traditional bank with a sprinkle of tech?😅 Anyone here have the inside scoop on what it's REALLY like to be a techie at SBI? 🆘

hukumamatata

1yr

works at

Infosys

I don't want to dampen anyone's excitement about India's growth, but here's a fact check for your nationalistic sentiments - State Bank of India is the most profitable Indian company (as of 2024). And, it made a profit of ONLY $8.1 billion (INR 65,407.50 Crores). Bye!

fearlessmaple

1yr

works at

State Bank of India

(unverified)

Hey guys, if you're thinking of becoming a banker, go for SBI. It pays well compared to other PSUs and private banks. But beware, work-life balance is non-existent for officers. There's too much clash of egos and frequent transfers to tough postings. The officer's life is getting worse day by day, even clericals don't want promotions. #SBI #BankingLife