Merged entity may reduce job hirings: SBI
Friday, March 3, 2017, 2:29 PM
Dinesh Kumar Khara, Managing Director at State Bank of India said a merger with its five associate banks is likely to close the door to future job recruitments at the merged entity. It is estimated that there could be a reduction of 25-30 percent in hirings at the unified bank. In number terms, hiring could come down by 30,000 jobs in the next one year.