Effect of SBI merger on Vacancies of SBI Clerical 2017
Government earlier this week cleared the merger the 5 associates with State Bank of India. The associates which have been cleared for merger are State Bank of State bank of Bikaner And Jaipur, State Bank of Mysore, State Bank of Hyderabad, State Bank of Travancore, And State Bank of Patiala. Collectively these 5 associates have over 5000 branches in their respective states of operation, and a staff strength of around 50000 who will shortly become staff belonging to State Bank of India.
After Merger, State Bank will have around 22000 branches across the country and will have a staff of around 2.7 Lac employees.
Effect on Job Vacancies: It is expected that in the current Year and following year there wont be any effect on clerical vacancies. SBI is going to recruit in similar numbers. The govt. has clarified time and again that there will be no effect on Job opportunities in banking sector due to merger. Also going through the words coming from SBI HR Department: SBI employee strength is decreasing at unprecedented level due to high attrition and presently it has come down to 2 Lacs almost from 2.30 Lacs and there will be 23000 retirements on an average every year till 2022 + many associate banks employees will opt for VRS. Hence the overall vacancies which were expected to decline due to consolidation will have lesser impact due to prevailing scenario.
So out advice to Aspirants is to bug up themselves and start preparing for the big exam.
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