The country's biggest lender, State Bank of India (SBI), will be hiring 3,000 marketing and recovery officers. The lender is carrying out recruitment drive for the second time in less than a year in the midst of the displeasure expressed by the regulators and the judiciary on the high-handedness of agents hired by banks to recover loans.
Looking for the applications by August 16, SBI sources said the position of officer (marketing and recovery) for its rural operations will have a contract period of two years. Earlier in October 2007, SBI had announced plans to hire 3,000 marketing and recovery officers whose job profile would include "soft recovery" of loans.
In addition, these officers will be responsible for marketing of bank’s products, conduct pre-sanctioned survey, file applications and verify the documents. At present it is not clear about the emoluments being offered in the latest hiring drive, whereas in its October announcement the bank had said these officers will be given a compensation package of Rs 2 lakh per annum.
As per SBI's latest annual report, the bank had a total 1,79,205 employees as on March 31, 2008, making it the biggest employer in the country's banking space.
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