SBI Recruitment 2018: A CAT like exam soon at State Bank of India; watch video

SBI Recruitment 2018: In a bid to attract efficient workers, the State Bank of India (SBI) is likely to change its recruitment process. The state-owned largest lender is toying with the idea of conducting common admission test (CAT) or other national level examination to recruit better banking personnel from across the country.
 
According to Zee Business channel report, the selected candidates will be trained by the top management colleges. 
 
An SBI official informed Zee Business that the bank wants to overhaul its decades old examination pattern for recruitment purposes. For selection of clerical as well as officers, the bank holds examination once in a year, and the process takes almost 9 months to complete the whole cycle. 
 
About 8 to 10 thousand clerks and about 2 to 2.5 thousand personnel in the officers category are selected by the bank each year. Therefore, get ready to face CAT like examination for recruitment in the SBI.
 
Notably, the SBI today hiked the interest rates it offers on fixed deposits by up to 10 basis points. The new interest rates, which are effective from July 30, are applicable on retail deposits below Rs 1 crore. 
 
Under the revised rate structure, the deposits for 1 year to 2 years will now accrue 6.7 percent as against 6.65 percent earlier. For senior citizens, the new interest rate is 7.2 percent from earlier 7.15 percent earlier. 
 
Watch this Zee Business video

For investments from 2 years to 3 years, the interest rate has also been revised to 7.3 percent from earlier 7.15 percent.