The State Bank of India (SBI), a prominent player in the Banks industry according to InvestingPro Tips, concluded the online application process for recruitment to the post of Probationary Officers (PO) on Wednesday. The recruitment drive, under Advt No CRPD/PO/2023-24/19, aims to fill up a total of 2,000 vacancies. Eligible candidates were able to apply for the posts on the official SBI website prior to the deadline.
The preliminary examination for these positions is tentatively scheduled to be held in November, with hall tickets expected to be available for download by the second week of October. The selection process includes a preliminary test, a main written test, and a psychometric evaluation/interview.
Eligibility criteria for the positions included an age limit between 21 and 30 years as of April 1, 2023, with upper age limit relaxations applicable for reserved category candidates. Educational qualifications require aspirants to have completed their graduation in any discipline from a recognized university or hold an equivalent qualification recognized by the Central Government. This includes qualifications such as Medical, Engineering, Chartered Accountancy, Cost Accountancy among others.
The application fee was set at INR 750 for General, EWS, and OBC candidates, while SC, ST, and PwBD candidates were exempt from payment of application fees.
Applicants who are appearing for their final exam were also eligible to apply, provided they could produce proof during the interview that they cleared the exam on or before December 12, 2023. More details regarding the recruitment process can be found on the official SBI website.
Despite the recruitment drive, SBI has faced some challenges recently. According to InvestingPro data, the bank's revenue growth has been accelerating, with a quarterly growth rate of 11.60% in FY23 Q2. However, the bank's earnings per share (EPS) was reported at -$0.08 in LTM2023 Q2, indicating a negative return. In addition, the bank's market cap stands at $101.35 million.
Investors may want to check out more detailed insights and tips on SBI's financial health and stock performance at InvestingPro. For instance, the bank has raised its dividend for three consecutive years, which is a positive sign for shareholders. However, the bank is also quickly burning through its cash, which could potentially lead to future challenges. For more such tips, visit InvestingPro's SBI page here.
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