SBI Concurrent Auditor Recruitment 2025 Notification Released for 1194 Posts

State Bank of India(SBI) Bank Concurrent Auditor Recruitment 2025:  1,194 concurrent auditor posts are being filled on a contractual basis by the State Bank of India (SBI). On February 18, 2025, the official announcement for the SBI Concurrent Auditor Recruitment 2025 was released. Applications can be submitted online between February 18, 2025, and March 15, 2025.

Important Dates

• Apply Online Start Date : 18 February 2025
• Last Date to Apply : 15 March 2025
• Interview Date: To be released

Application Fee

• Gen / OBC / EWS : Rs. 0/-
• SC / ST / PH : Rs. 0/-
• Mode of Payment : Not Applicable

SBI Bank Concurrent Auditor Recruitment 2025 Age Limit

• Minimum Age : Na
• Maximum Age : 65 Years
• Age Limit as on 18/02/2025
• The age relaxation will be given as per the rules.

Educational Qualification

Post Name

Qualification

Concurrent Auditor

Retired Bank Person as MMGS-III, SMGS-IV/V & TEGS-V Officer. Please check notification PDF for more details.

SBI Bank Concurrent Auditor Recruitment 2025 Vacancy Details

Post Name

Vacancy

Concurrent Auditor

1194

SBI Bank Concurrent Auditor Recruitment 2025 Selection Process

The SBI Bank Concurrent Auditor Recruitment 2025 selection process includes the following stages:

• Shortlisting
• Interview
• Document Verification
• Medical Examination

How to Apply for SBI Bank Concurrent Auditor Recruitment 2025

To apply for the SBI Concurrent Auditor Recruitment 2025, follow these steps:

• Visit the official SBI careers website.
• Register and complete the online application form.
• Upload the necessary documents, including a photograph, signature, and ID proof.
• Submit the application form before the deadline.

Notification PDF  -    Click Here

Apply Online      -      Click Here

Official Website  -     Click Here

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State Bank of India (SBI) Q3 net profit up 84.32%

 Due mostly to a decrease in loan loss provisions, State Bank of India (SBI), the biggest lender in the nation, recorded a net profit of Rs 16,891 crore in the third quarter of the fiscal year 2025 (Q3FY25), up 84.32 percent from Rs 9,164 crore in the same period the year before (Q3FY24). 

The public sector lender's profit decreased 7.86 percent sequentially from Rs 18,331 crore in the September quarter (Q2FY25). 

The Net Interest Income (NII) of the Mumbai-based bank increased 4.09 percent year over year (Y-o-Y) to Rs 41,446 crore in Q3FY25 from Rs 39,816 crore in the same quarter the previous year.

In Q2FY25, NII was flat at Rs 41,620 crore. The domestic business's net interest margin (NIM) decreased from 3.34 percent in Q3FY24 to 3.15 percent in Q3FY25. NIM decreased sequentially from 3.27 percent in Q2 of FY25. 

In Q3FY25, its loan loss provisions increased from Rs 1,756 crore in Q3FY24 to Rs 2,305 crore. They fell from Rs 3,631 crore in Q2FY25, though.

 In Q3FY25, SBI's advances increased 13.49% year over year to Rs 40.67 trillion. The retail advances reached Rs 14.47 trillion, an increase of 11.65%. The total amount of deposits rose 9.81% year over year to Rs 52.29 trillion.

The share of low-cost deposits -- current account and saving account (Casa) -- in domestic books declined to 39.2 per cent at the end of December 2024 from 41.18 per cent a year ago. Sequentially, they fell to 40.03 per cent in September 2024.

 

The bank’s gross non-performing asset (NPA) ratio was 2.07 per cent at the end of December 2024 improved by 35 basis points Y-o-Y. The net NPA ratio was at 0.53 per cent, improved by 11 basis points Y-o-Y. The provision coverage ratio, including technical write-offs, stood at 91.74 per cent in December as against 91.49 per cent a year ago.

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State Bank of India(SBI) SO Recruitment 2025 Notification Out, Apply Online

The official notification for the hiring of applicants for the positions of Specialist Officer-Manager and Dy. Manager has been made public by the State Bank of India. There are 42 positions available for the SBI Bank SO Recruitment 2025. On February 1, 2025, the SBI Bank SO Recruitment 2025 Notification was made public, and online applications were accepted from February 1 through February 24, 2025.

Overview
Recruitment Organization	State Bank of India
Post Name	Manager, Dy. Manager
Total Vacancies	42
Notification Date	1 February 2025
Post Category	Specialist Officer

Important Dates
Apply Start Date	01 February 2025
Apply Last Date	24 February 2025
Interview Date	Notify Later

Application Fee
General/ OBC/ EWS	Rs. 750/-
SC/ ST/ PWD	Rs. 0/-
Mode of Payment	Online

Vacancy, Qualification
Age Limit (Manager): 26-36 Years. (As on 31.07.2024) Age Limit (Dy. Manager): 24-32 Years. (As on 31.07.2024)
Post Name	Vacancy	Qualification
Manager (Data Scientist)	13	B.E/ B.Tech in Related Field
Dy. Manager (Data Scientist)	29	B.E/ B.Tech in Related Field

Selection Process
1. Shortlisting 2. Interview Test 3. Document Verification 4. Medical Examination

SBI Bank SO Recruitment 2025 Notification PDF - Click Here

SBI Bank SO Recruitment 2025 Apply Online - Click Here

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State Bank of India(SBI) recruitment for post of Chief Officer (Security), Salary Rs 31.2 Lacs

The position of Chief Officer (Security) at State Bank of India (SBI) is open. Below are all the details pertaining to this recruiting. Candidates who are interested and qualified may apply using the link below.

Job Profile

• Drawing up security policies of the Bank and arranging for their review.
• Ensuring maintenance of the security systems in the Bank in a state of high efficiency – as the Head of Bank’s security
• function.
• Providing specialised and professional support to the Top Management in all security related matters for ensuring
• security and safety of Bank’s property, customers and staff, always.
• Vetting Disaster Recovery Plan for Corporate Centre Departments/ Establishments, from security angle.
• Ensure adequate training of all security officers and Bank Guards.
• Provide support to the Top Management in ensuring a proper promotion and posting profile of all security officials.
• Enhancing security consciousness in the Bank.
• Ensure security audit of all Local Head Office Premises and Corporate Centre establishments.

Important Dates

Important Events	Dates
Commencement of Online Registration of Application	01.02.2025
Closure of Registration of Application	24.02.2025
Closure for Editing Application Details	24.02.2025
Last Date for Printing Your Application	21.03.2025
Online Fee Payment	01.02.2025  to  24.02.2025
Last Date for Printing Call Letter (if shortlisted for interview)	N/A

SBI Chief Officer (Security) Recruitment Details

Vacancy	1
Minimum Age	NA
Maximum Age	57 years as on as on 31/12/2024
Maximum CTC	Rs. 31,20,000/-
Contract Period	03 Years + 02 Years

Basic requirement

• An officer served in the Rank of Brigadier or above in Indian Army. Or
• An officer served in the Rank of Commodore or above in Indian Navy. Or
• An officer served in the Rank of Air Commodore or above in Indian Air Force. Or
• An officer served in the Rank of Inspector General or above in Indian Police Service or Para-Military Services.

Selection Process

The selection will be based on shortlisting, Interview & CTC related negotiations.

• Shortlisting: Mere fulfilling minimum experience will not vest any right in candidate for being called for interview. The shortlisting committee constituted by the Bank will decide the shortlisting parameters and thereafter, adequate number of candidates, as decided by the Bank, will be shortlisted for interview. The decision of the Bank to call the candidates for the interview shall be final. No correspondence will be entertained in this regard. The shortlisted candidates will be called for interview.
• Interview: Interview will carry 100 marks. The qualifying marks in interview will be decided by the Bank. No correspondence will be entertained in this regard.
• CTC Negotiation: CTC related Negotiation will be done one-by-one, with the candidates in order of the merit list drawn on the basis of marks obtained in the interview.

Notification PDF -  Click Here

Apply Online Link - Click Here

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Top 10 Mobile Banking Applications in India

Over the past few decades, technology has advanced significantly. From computers to laptops and iPads, software to applications, and mobile phones to Android devices, the digital age is pervasive. These days, many people use mobile banking apps. When conducting online transactions, a mobile banking app provides convenience, speed, and flexibility.

Nowadays, a large number of Indians are uncomfortable using traditional banking. They have therefore embraced mobile banking. Because of this, practically all private sector and PSU banks offer mobile banking apps for online transactions. This lessens the need for a laptop or desktop computer, and most importantly, it eliminates the need for you to physically visit the bank in order to complete any banking task.

 

1. Kotak-811 & Mobile Banking App

Kotak-811 - A app from Kotak Mahindra Bank offers a zero-balance savings account with an internationally enabled virtual debit card. It features a slick digital banking app UI. It is the first app in India to offer WhatsApp banking. You may now bank on a familiar platform using this app.

Features

* View account details and transaction details, and download e-statements.

* Send and receive money for instant transfers using IMPS, NEFT, and UPI.

* Manage your zero-balance savings account with an internationally enabled virtual debit card for online payments.

* Connect your bank account with WhatsApp and initiate banking transactions through a chat interface.

Pros

User-friendly interface with innovative features, ero-balance savings account with virtual debit card,WhatsApp banking for convenient banking on a familiar platform

Cons

Limited investment options compared to dedicated investment apps, Occasional app crashes reported by some users, Might be overwhelming for users who only need basic functionalities

2. HDFC Bank Mobile Banking App

The HDFC Bank app from one of India’s largest banks, allows you to manage your finances conveniently. You can check account summaries, make payments, transfer funds, and pay utility bills all within the HDFC net banking app.

Features

* Send and receive money using IMPS, NEFT, and UPI through the HDFC bank mobile banking app.

* Schedule and pay various bills, including utilities and credit cards.

* Personalize your app dashboard to display the features you use most frequently.

* Access a streamlined version of the HDFC app download for users with slower internet connections.

Pros

User-friendly interface with customizable features, Reliable and secure platform from a major bank, Lite version available for users with slower internet

Cons

Limited investment options compared to dedicated investment apps, Some users report occasional app crashes, May not offer the most advanced features compared to some other apps

3. YONO SBI 

YONO SBI- App of State Bank of India, Previously known as SBI Anywhere Personal, YONO SBI offers a user-friendly and secure platform for SBI account holders. It supports multiple languages and allows click-based and voice-assisted transactions for a convenient banking experience.

Features

* Use YONO app to send and receive money using IMPS, NEFT, and UPI.

* Schedule and pay various bills, including utilities and credit cards.

* Access the SBI mobile banking app in multiple regional languages for broader accessibility.

* Perform banking transactions using voice commands for added convenience.

Pros

Voice-assisted transactions, All-in-one Platform (investments, shopping, travel booking), Cardless Cash Withdrawal

Cons

Might be overwhelming for users who only need basic functionalities., Customer service responsiveness might vary.,Limited investment options compared to dedicated investment apps.

4. Axis Mobile App

Renowned for its stability, Axis Mobile offers a comprehensive suite of banking services.

Features

* Use the Axis Bank app to schedule automatic payments for various bills, including utilities and credit cards.

* Track your mutual fund investments within the Axis mobile app.

* Set spending limits, turn contactless payments on/off, and temporarily block your card if misplaced.

Pros

Stable and reliable performance, Wide range of features for managing finances, Auto-pay functionality for bills, Debit card control options

Cons

Occasional app crashes reported by some users, Limited investment options compared to dedicated investment apps

5. IDBI Bank GO Mobile+ App

Designed for a smooth banking experience, IDBI GO Mobile+ offers a user-friendly interface and various services. You can check account statements, make payments, recharge prepaid mobiles, and pay utility bills.

Features

* Choose seasonal themes or customize your login screen on the IDBI bank app.

* Secure your login with a selfie picture.

* Use IDBI app to view holdings and transactions directly within the app.

Pros

Simple and easy-to-use interface,Supports regional languages,Covers essential banking needs,Mobile recharge functionality

Cons

Limited investment and advanced features,Customer service responsiveness might vary

6. BOB World

Developed by the Bank of Baroda, BOB World is an app known for its user-friendliness.

Features

* Withdraw cash at BOB ATMs using a one-time MPIN generated within the Bank of Baroda app.

* Generate QR codes on BOB mobile banking app for easy bill payments at merchant locations.

* Store and manage digital receipts for your transactions within the app.

Pros

Convenient bill payments & organized receipts, Simplified cash deposits, Security features (2FA, biometrics, data encryption)

Cons

Relies on QR reader compatibility & increases app storage use, Limited branch availability for cash deposit requests, Responsiveness of customer service

7. ICICI Bank iMobile Pay App

A highly rated app by ICICI Bank, iMobile Pay offers a comprehensive suite of banking services.

Features

* Open fixed deposits (FDs), invest in recurring deposits (RDs) and manage existing investments.

* Access and manage your ICICI Bank life insurance policies on the ICICI Bank mobile app.

* Get quick access to personal loans against your credit card on the imobile app.

Pros

The ICICI bank app features a streamlined layout for effortless navigation, Customize your dashboard for quick access to frequently used features, Clear menus and categorized services

Cons

The app may experience occasional technical glitches or crashes, Some users report slower processing times for transactions, The app might require frequent updates to ensure smooth performance

8. Canara Bank ai1 Mobile Banking App

Designed with the goal of “One Bank, One App,” Canara Bank’s ai1 app offers a variety of banking services.

Features

* Use Canara bank app to pay instantly at stores with a tap using your phone (RTGS/NEFT enabled).

* Start fixed or recurring deposits or invest in mutual funds all within the Canara bank mobile app.

* Set up recurring payments for your bills and savings goals.

Pros

Book flights, hotels, buses, and cabs directly through the app, Check your credit score and pay bills seamlessly through Bharat Bill Payment,Access insurance, Demat services, and IPO applications

Cons

Occasional problems might occur with UPI transactions, Features might be limited for users who don’t have a Canara Bank account, The app might experience occasional slowdowns or technical glitches.

9. Bank of India BOI Mobile App

BOI Mobile boasts a secure and comprehensive banking experience for Bank of India account holders.

Features

* View balances and statements and manage all accounts on the Bank of India app.

* Transfer funds quickly with IMPS, NEFT, and RTGS, and utilize the “Favourite” feature on the Boi mobile app.

* Locate ATMs, manage cheques, and access various banking services.

Pros

Efficient navigation for transfers and management, User-friendly interface with easy account access, Streamlined process for adding “Favourites.”

Cons

Interface might be challenging for new users to navigate, Lacks advanced features compared to some competitors, Occasional transaction delays and app crashes reported.

10. Punjab National Bank PNB ONE App

PNB ONE is the official mobile banking app from Punjab National Bank.

Features

* Gain quick access to all your accounts through an interactive interface by downloading the PNB One app.

* Invest in term deposits and mutual funds, all within the PNB One app.

* Track cheque status, request stop payments, and manage cheques conveniently.

Pros

Access value-added services like PAN/Aadhaar registration, Manage existing credit/debit cards, Enjoy the app in English, Hindi, and other languages.

Cons

 Features might be limited for non-PNB customers, May be complex for new users to navigate, App crashes and slow processing times reported.

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State Bank of India (SBI) Q2 PAT jumps 28% YoY

Public sector lender State Bank of India (SBI) on Friday reported a standalone net profit of Rs.18,331.44 crore for the quarter ended September 30, 2024 (Q2FY25), which was up by 27.92% over Rs.14,330.02 crore reported by the company in the year-ago period (Q2FY24). Net interest income (NII) for the quarter ended September, increased by 5.37% year-over-year to reach Rs.41,620 crore, up from Rs.39,500 crore during the corresponding period last year.

The operating profit surged by 51% year-on-year to Rs.29,294 crore in the period from July to September 2024, rising from Rs.19,417 crore during the same period last year.

The company announced in an exchange filing that the domestic net interest margin for the September quarter fell by 16 basis points to 3.27%, down from 3.43% a year earlier.

The gross advances in the second quarter increased by 15% year-on-year to reach Rs.39.2 lakh crore, whereas the growth in deposits was significantly lower at 9% year-on-year, amounting to Rs.51.17 lakh crore.

The asset quality of SBI showed improvement on a sequential basis. In absolute terms, Gross NPA was recorded at Rs.83,369 crore, down from ₹84,226 crore in June, while Net NPA decreased to Rs.20,294 crore from Rs.21,555 crore during the June quarter. For the September quarter, Gross NPA was at 2.13%, a decline from 2.21% in June, while Net NPA was at 0.53%, compared to 0.57% in the previous quarters.

Gross slippages for the quarter fell to Rs.4,951 crore, down from Rs.8,707 crore in the June quarter. Recoveries and upgrades also saw a sequential decline, decreasing to Rs.2,600 crore from Rs.3,666 crore in June.

The Capital Adequacy Ratio (CAR) was recorded at 13.76% at the conclusion of the second quarter, accompanied by a CET-1 ratio of 9.95% and a tier-1 ratio of 11.32%.

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Karnataka Orders Closure of all Government Accounts in two PSU banks due to Alleged Fraud

 

On Wednesday, the Karnataka government took a significant step by ordering all state departments to close their accounts in the State Bank of India (SBI) and Punjab National Bank (PNB). This decision comes as a response to allegations of misappropriation of funds.

The Karnataka government has directed all departments, public enterprises, corporations, local bodies, universities, and other institutions to close their accounts with SBI and PNB immediately. The order, issued in a circular dated August 12 by PC Jaffer, the Secretary of Budget & Resources in the Finance Department, and approved by Chief Minister Siddaramaiah, specifies that no further deposits or investments should be made in these banks.

The deadline for compliance with this directive is set for September 20.

The decision follows reports of two major fraudulent transactions:

Mismanagement of Fixed Deposit at PNB: A fixed deposit of Rs 25 crore was made at PNB’s Rajajinagar branch by the Karnataka Industrial Area Development Board on September 14, 2011. Despite the deposit term ending, PNB allegedly released only Rs 13 crore. Efforts to resolve this issue over the past decade have been unsuccessful.Fraudulent Use of Deposit at SBI: A Rs 10 crore fixed deposit made by the Karnataka State Pollution Control Board at the former State Bank of Mysore, now part of SBI, was allegedly misused to settle loans for a private company using forged documents. Attempts to recover this amount have also failed.

A senior government official told that the banks have claimed the matter is sub judice, but this has not stopped the State Public Accounts Committee from deciding to halt business with these banks. The government has issued the circular to withdraw deposits and is awaiting a response from the banks, which have requested additional time to address the issues.

This move comes amid a heated political climate in Karnataka, with the BJP-led opposition clashing with the Congress-ruled state government. The controversy has intensified following the exposure of an alleged fund transfer scam involving the Karnataka Maharshi Valmiki Scheduled Tribes Development Corporation Ltd. A suicide note from Chandrashekhar P, the corporation’s accounts superintendent, revealed details of the alleged scam, adding fuel to the political fire.

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State Bank of India(SBI) Q1 Net profit rises marginally, NII up

 

Public sector lender State Bank of India (SBI) on Saturday reported a standalone net profit of Rs 17,035 crore for the quarter ended June 30, 2024, which was up by 0.9% over Rs 16,884.29 crore reported by the company in the year-ago period.

It was higher than the Street's estimates of Rs 16,786 crore.

The interest earned during the reported quarter stood at Rs 1,11,526 crore, which was higher by 16% versus Rs 95,975 crore reported by the lender in the corresponding quarter of the last financial year.

Interest expended by the bank in the April-June quarter stood at Rs 70,401 crore versus 57,041 crore in the year-ago period. This translates into a 23% YoY uptick.

The net interest income (NII) in Q1FY25 stood at Rs 41,125 crore, a jump of 5.71% over Rs 38,905 crore in Q1FY24.

The net interest margins for its entire operations were reported at 3.22% in Q1FY24, down by 11 bps from 3.33% in the year-ago period. As for the domestic operations, NIMs were reported at 3.35% in Q1FY25, which was down 12 bps over 3.47% in Q1FY24.

The operating profit for the state lender in the reported quarter was at Rs 26,449 crore, up by 4.55% on a YoY basis.

SBI's gross advances in the said quarter surged by 15.39% to Rs 38,12,087 crore in Q1FY25 versus Rs 33,03,731 crore in Q1FY24. Total deposits grew by 8.18% on a YoY basis to Rs 49,01,726 crore as against Rs 45,31,237 crore in the year ago period.

Credit cost increased by 16 bps for the state lender at 0.48% as against 0.32% in the corresponding quarter of the previous financial year.

The bank managed to lower its net non-performing assets (NNPAs) in the reported quarter by 14 bps to 0.57% over 0.71% in the year ago period.

Its PCR was also down by 41 bps in the quarter gone by at 74.41% versus 74.82% in the year ago period.

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