Automation has SBI leaving 25% retirement vacancies open for tech

MUMBAI: As technological shifts make more inroads into banking, the nations largest lender SBINSE 1.10 % has decided to replace only 75 percent of its retiring workforce over a five-year period and is benefiting from the prevailing poor jobs scenario by getting the best of candidates for the roles on offer, a senior official has said.

In a situation akin to the one observed in the Railways, the State Bank Group has got close to 28 lakh job applications for 8,000 clerical jobs in the last two years.