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SBI offers competitive pay to attract professional talent
HRK News Bureau | New Delhi | Tuesday, 09 May 2017

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Applications for the 554 posts of management executives (SME) are open till May18.

State Bank of India is looking to hire management executives for 554 positions and has invited applications for the same. The openings for special management executives (SME), banking, are for Indian citizens between the age group of 25 and 40 years, with a minimum qualification of CA/ICWA/ACS/MBA in finance or equivalent postgraduate degree in finance from an institution recognised or approved by the government, government bodies or AICTE.

The bank is offering two kinds of positions – the first is that of special management executive (banking) - MMGS III Grade, under which it seeks 273 candidates with qualification of CA/ICWA/ACS/MBA (finance) or equivalent postgraduate degree in finance with minimum five years of experience as an executive in supervisory/management role in a schedule commercial bank / associate or subsidiary of a schedule commercial bank or public-sector financial institution or listed financial institution.

A competitive pay will also be offered for the positions as the compensation per annum on CTC basis at Mumbai is around Rs 13.07 lakh for an officer of MMGS - II grade and Rs 15.86 lakh for an MMGS-III officer.

The second category is that of special management executive (banking) - MMGS II, under which the bank is looking to hire 281 candidates in the 25–35 age group with a minimum qualification of CA /ICWA/ACS/MBA (finance) or equivalent postgraduate degree in finance. The candidates are required to have a minimum of two years of experience as an executive in supervisory or management role, in a scheduled commercial bank or in a subsidiary of a scheduled commercial bank. Experience in public-sector financial institutions or listed financial institutions will also be valid. Meanwhile, candidates having experience in processing of credit proposals are preferred by the bank.  

The candidates will be selected on the basis of online objective test, group exercise and interview.

A competitive pay will also be offered for the positions as the compensation per annum on CTC basis at Mumbai is around Rs 13.07 lakh for an officer of MMGS - II grade and Rs 15.86 lakh for an MMGS-III officer. Moreover, the officers will also receive other benefits, such as medical aid for self and for family, leased accommodation at the place of posting and concessional interest rates for loans.

The candidates can apply online through the bank’s website for the positions on offer. The last date for receiving applications for the current openings is May 18.

© 2016 HR Katha
Last modified on Tuesday, 09 May 2017

1 comment

  • Comment Link MVS Murthy Tuesday, 09 May 2017 posted by MVS Murthy

    On the ground being an IT service provider - though captive - I do not see a concern in our operations, may be scale, maturity etc could be the reasons. However this time around it is becoming a lot more speculative given that drivers of the industry are in the line of fire themselves. Maybe some amount of consolidation will take place over a period of time, and as Ritu said, IT will be the mecca of job market. Do we have an alternate option favourite industry, I wonder no...

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