State Bank of India has cut its total employee strength by 10,584 in the 6 months period after the merger of 5 associate banks and Bharatiya Mahila Bank. It may reduce the strength by another 4876 people by the end of the financial year. The bank has a staff strength of 2,69,219 staff as on September 2017 compared to 2,79,803 as on March 2017. In addition to the staff cuts, there are also retirements which is expected to be 15,460 in FY18.
