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SBI to reduce hirings due to overflow of employees

India’s largest bank State Bank of India has reportedly planned to reduce its hiring for the financial year due to the overflow of employees following the merger of associate banks with SBI. Stating that there won’t be too many recruitments, SBI Chairman Arundhati Bhattacharya reportedly said the overflow of employees from associate banks would be adjusted by the end of the year as about 13,000 people have retired and 3,600 have opted for Voluntary Retirement Services.

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