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Indian staff optimistic about cos' future in Q3: study
Indian employees maintained high level of confidence in the future of their companies in the third quarter of this year compared to their global peers, a study says.

Devangshu Datta: Search for market share
Devangshu Datta / New Delhi August 1, 2009, 0:50 IST

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Govt to soon resolve FDI norms in Indian banks
The issue concerning foreign ownership in Indian banks is currently under discussion among the finance ministry, commerce and industry ministry and the Reserve Bank of India (RBI) and is likely to be resolved soon.
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SBI to hire 27,000 this year

The country"s largest lender, State Bank of India (SBI), plans to hire more than 27,000 people this year to fill vacancies across different divisions, a top bank official said. - SBI may provide more to cover bad assets - Finally, banks admit they will miss credit targets - Attrition to be a big problem for banks: RBI - Bank charges may be capped - SBI scales down credit growth estimate - SBI to appoint correspondents for NREGS payments "This year we have plans to recruit 20,000–22,000 people in the clerical posts and 5,500 people at the probationary officer level," SBI Deputy Managing Director and Group Executive Anup Banerji told reporters on the sidelines of Bancon conference here. As part of its strategy of enhancing focus on rural operations, SBI plans to deploy 2,000 probationary officers in rural areas, Banerji said. "We create a provision for appointing specialised probationary officers in the rural sector. Of the 5,500 POs, 2,000 of them will be recruited in the rural sector and these officers will continue in rural marketing at least for next 10 years," he said. Last year, SBI had recruited around 25,000 people. The banking major also have plans to go for lateral recruitments in the middle-management level in the current year, Banerji said. "This year we will start lateral recruitment at middle management level, from manager to Assistant General Manager level, where ever it is necessary," Banerji said.


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