Impact of SBI Subsidiary on SBI Clerk, SBI PO & Other SBI Recruitment | Vijay Mishra - YouTube

So, main thing is will SBI clerk notification will be released or there will be overload in IBPS clerk recruitment

basically, 2 days before, one news was out, that SBI gets nod from RBI to set up its new subsidiary

there are many other subsidiaries of SBI too, like SBI general insurance, like that one new support or arm will be created

in which they have said that the small routine jobs will be done by them only, they are doing this for Cost cutting

because they will always try to keep a larger profit margin according to SBI, their cost to income ratio is now approx 53%

you can search cost to income ratio, SBI cost to income ratio is more, which is bad, the lesser cost to income ratio will be

higher will be the profit. for other top 3 banks the cost to income ratio is 35 to 40%

so according to SBI they are spending more money as compared to earning, for cutting that cost they are creating a new subsidiary

their salary and other things will be different from these employees they also said that only routine jobs will be done by them

but the loan section will be in complete hand of banks only and RBI was not allowing that too, RBI said that core jobs will be

done only by banks, so will say some things how a bank works then will talk about vacancies

see, many CSPs and BCs work with bank, but they do not come under any formal body

like around my bank, 4 CSPs are there, see to increase the reach of bank services

RBI said that banks must have CSPs, so that customer get details and also do some small transactions easily..

at CSPs point only, generally it is kept around rural areas because there is only 1 branch in 10 kms so they keep 3-4 CSPs

around them, it is also like Bank mitra or business correspondent

this is also known as mini banking, they mainly works in sectors like agriculture, MSMEs, other micro loans

see as this bank is massive so these small work also becomes huge, and bank's staffs have to do this work sometimes

so this will be given to those staff, of that subsidiary CSPs and BCs will be brought under a structure

they will be given more flexibility and work, so that they can do other routine things too, now about this year Clerical and PO

vacancies, so PO work is about loan, so it comes in core work and will be continue normally, and about clerical see clerical people and

and BCs jobs are different and without CBS they wont be able to do those work like NEFT,RTGS, that's why there is very very less

chance that vacancies wont get released, PO vacancies will be usual and for clerical as they want to increase cost to income ratio

to cut those cost there is a chance that there will be slightly lesser vacancies of clerk

as compared to previous year, as we have also seen it before 2 years otherwise there wont be any change

and its just my assumption, it can vary from SBI's decision, vacancies will be there don't worry

now, RRB PO and clerk is there, and 5.5 lakh people have applied for it, so prepare hard for it and focus only on that and forget

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Bye bye take care, I got so many messages regarding this to clear your doubt on that I made this video