India’s largest lender State Bank of India (SBI) is looking to hire four senior vice-presidents and zonal heads to market its corporate banking products. Bank officials said that the post has been specifically created for lateral recruits and is aimed at countering the dominance of private sector banks in terms of visibility.
The vacancies are for north zone (at Delhi), west zone (at Mumbai), east zone (at Kolkata) and south zone (at Chennai) and the zonal heads are likely to report to the bank’s deputy managing director Sunil Shrivastava. “They will work alongside our existing relationship managers (RM) for corporate accounts,” a senior bank official said.
Although the grade of the lateral recruits could not be ascertained, present relationship managers are either deputy general managers (DGM) or assistant general managers (AGM).
The recruits will be responsible for marketing treasury products, forex & international banking products, cash management products, government related business, project/infra finance, cross selling, merchant banking to corporates or any group companies.
Karthik Srinivasan, senior vice-president, ICRA, said that while public sector banks have several corporate banking products, they lack on the visibility front. “Although a pickup in corporate loans will begin only when the economy recovers, PSBs would like to be prepared through such initiatives when demand picks up,” Srinivasan said.
The zonal heads will be recruited on a contractual basis, initially for three years and which could be extended for another two years at the discretion of the bank.