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Monday, December 17, 2012

SBH to hire 1,000 probationary officers

State Bank of Hyderabad (SBH) will soon be recruiting 1,000 probationary officers.

“We have initiated the process as State Bank of India will conduct the recruitment for us,’’ Mr M. Bhagavantha Rao, Managing Director, SBH, told Business Line here.

The bank has recently conducted the recruitment test for hiring 2,200 clerks who would be joining it shortly.

On attrition, especially in the clerical cadre, the official said provision for speedy promotions for clerical cadre would stop youngsters from shifting from one job to another.

On the bank’s performance in the current quarter, Mr Bhagavantha Rao said about 20 per cent growth in operating profit was expected. The net interest margin could be around 3.45 per cent, he added.

SBH’s net profit fell 8 per cent to Rs 213 crore in the quarter ended September 30, 2012 mostly on account of an increase in operating expenditure.


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