SBI to hire 3,000 recovery officers

Seeking applications by August 16, SBI said the position of officer (marketing and recovery) for its rural operations would have a contract period of two years. In October 2007, SBI had announced plans to hire 3,000 marketing and recovery officers whose job profile would include "soft recovery" of loans.

Besides, these officers would also market the bank's products, conduct pre-sanctioned survey, file applications and verify the documents. While the emoluments being offered in the latest hiring drive could not be ascertained, in its October announcement the bank had said these officers would be given a compensation package of Rs 2 lakh per annum.

According to 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.