The State Bank of India (SBI) is gearing up to bring on board nearly 1,000 professionals specializing in wealth management — a move that underscores how Indian customers’ banking preferences are shifting from traditional savings to investment-oriented services.

Key Highlights

• SBI plans to laterally hire nearly 1,000 wealth management professionals across major Indian cities.
• Hiring aims to strengthen investment advisory services and expand engagement with high-net-worth customers.

Under the recruitment drive, the bank is seeking to fill roles such as Relationship Managers and Customer-Relationship Executives through lateral hiring. These positions will be offered as fixed-term engagements and are intended primarily for major metropolitan and commercial centres, including cities like Mumbai, Bengaluru, Chennai, and Delhi.

The focus on wealth management — particularly on courting affluent and high-net-worth clients — reflects SBI's broader strategy to grow revenue linked to investment and insurance products, rather than relying solely on deposit-based income.

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This recruitment push is aligned with SBI’s ongoing expansion in human resources; the bank has previously announced plans to onboard thousands of new employees across different verticals and scale up its outreach during the fiscal year.

In short, SBI’s decision to hire close to 1,000 wealth-management specialists signals its recognition of evolving customer demands in India — more clients are seeking investment and advisory services, prompting the bank to strengthen its capabilities in that domain.