State Bank of Hyderabad to recruit 2,000

State Bank of Hyderabad will recruit over 2,000 clerical and supervisory staff soon to support its expansion plans. The bank has written to its parent bank, SBI, to conduct the recruitment, Ms Renu Challu, Managing Director, SBH, told.About 1,500 vacancies are for clerical staff and the rest, officers. The bank, which crossed the landmark of Rs 1 lakh crore in its total business recently, will add 170 new branches. “Out of this, 100 would be in rural and semi-urban areas,” Ms Challu said. The bank’s credit grew by 21 per cent last year against the industry average of 17.28 per cent with a 34 basis point growth in the net interest margin at 2.77 per cent. The deposits were up 24 per cent in 2008-09. “We have restructured Rs 123 crore from 2,800 SME accounts by extending repayment and book date periods. Loans to the tune of Rs 201 crore are currently being restructured,” she said.