SBI is transforming its people practices

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1 Press Release SBI is transforming its people practices Attracting and retaining talent in this rapidly evolving banking industry is a key source of competitive advantage, more so now, than ever before. With that in mind, the Bank is re-imagining its people practices and transforming itself in a material way. It has taken The Bank is introducing one of the largest performance management systems in the world (for over 170,000 employees) which builds individual accountability and provides input for merit based rewards, recognition, promotions and talent management. key initiatives in its journey towards HR excellence:

2 Encouraging meritocracy through the introduction of a state-of-the-art performance management system - The Bank is introducing one of the largest performance management systems in the world (for over 170,000 employees) which builds individual accountability and provides input for merit based rewards, recognition, promotions and talent management. - For the first time in SBI, every employee (officers and clerks) can view their monthly performance against assigned targets. There is data driven and meaningful differentiation based on performance and it lays the foundation for a deep meritocratic culture The bank is introducing global best-in-class practices in employee career paths, customized as per the Bank s requirements. Job family based expertise being implemented in the bank - SBI officers will have the flexibility to opt for and build expertise in their areas of interest viz. Credit, IT, Treasury etc. - Everyone will be groomed to have a unique mix of all-round banking exposure and expertise in an area of their choice Talent Management and development processes are being further enhanced to identify and groom future leaders - Top performers will be groomed for leadership through ample rotational opportunities in high impact roles, mentoring support and specialized senior executive training programs. A structured onboarding program launched to ensure new recruits integrate well into the organization - The SBI Step Up program is a one-of-its-kind initiative to help the new recruits settle in the bank in the initial years as a probationary officer. - The bank is leveraging the Facebook platform to encourage peer-to-peer interaction and help build new relationships with the SBI community from the first day of joining the bank. A Facebook group of around 1500 new recruits from PO batch of 2015 is already active since December The SBI Saathi (buddy) program has been launched where a new hire is matched with a buddy from the same branch, closer in age, for informal guidance. - A structured mentorship program has been initiated to ensure the new hires find their feet in the organization. A new probationary officer can reach out to senior officers from the bank to seek career or personal guidance whenever required. Accolades and awards received by the bank for its people practices

3 - Hellen Keller Award for being a Role model company for commitment towards promoting equal employment opportunities for people with disabilities, World HRD Congress Award for Organization with innovative HR Practices, Golden Peacock Award for HR excellence, 2013 Aside from transformation of its people practices, the bank has been at the forefront of innovation in banking, a few marquee initiatives: - SBI s new mobile wallet SBI Buddy - Instant loan decisioning through first-of-its-kind tie-ups with e-commerce players - New digital branch formats sbiintouch branches SBI s strong focus on technology innovation and use of digital in banking, along with its state-ofthe-art people practices offers young talent the right platform to build their careers in Financial Services in this Digital age. Recruitment - : On the back of this strong employee value proposition, The Bank, for the first time, has introduced a recruitment brand focusing on the theme of growth. - The brand Grow Everyday is built on three key pillars of the bank s unique value proposition - Attractive career growth opportunities Strong meritocratic culture Clearly defined career paths to the top Robust talent management processes to ensure rapid growth of top talent - Unparalleled exposure Unmatched diversity of roles Over 1,000 roles across the various businesses of the State Bank Group. International & Rural exposure Over 190 global offices in 36 countries, over 10,000 offices in India s hinterland Flexibility to choose one s own path - Personal and Professional Development Development of leadership capabilities through exposure to high impact roles early in the career Fastest path to a branch manager role in the industry

4 Development of new skills through its state-of-the art learning & development programs tie-ups with premier b-schools in India and globally, largest training infrastructure in the industry Opportunity to pursue personal passions This year, SBI will be competing for top graduate talent across the country through its exciting new value proposition targeted at graduates from top colleges. Few organizations in the industry can rival the value proposition that SBI has to offer. The key for SBI is to raise awareness levels among the bright young minds and encourage them apply to build a great career at the bank. SBI s revamped career website is the first step towards that goal. It comprehensively captures the essence of what SBI has to offer. Bank is opening its applications on 4 th May for probationary officers. Interested candidates can log on to to learn more about the careers at SBI and apply.

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