SBI reduces employee strength by 10,500 post merger
India's largest lender State Bank of India has reduced its total employee strength by 10,584 in the six-month period after its merger with its five associate banks and Bharatiya Mahila Bank. The bank expects the employee count to further decline by approximately 5,000 people in this fiscal. The staff strength reduced to 2,69,219 in September compared to 2,79,803 in March.