What is SBI Circle Based Officer?

SBI Circle Based Officer

The State Bank of India announced the SBI CBO Recruitment 2023-24 Notification on its official website on 21st November 2023. Many aspirants would be confused and a question would revolve in their minds.

In this article, we have tried to clear the curiosity of the candidates and have provided complete information regarding the SBI Circle-Based Officer. The SBI every year releases the notification for the recruitment of candidates for the post of CBO and the scale given to this post is JMGS Scale-I which is the same as that of PO (after the probation period ends). SBI CBO Manages the Core Branch Functions, sanctions the loan packages, and monitors the Banking Operation of the branch. SBI CBO Vacancies are for experienced candidates who are working as officers in other banks. 

SBI Circle Based Officer: Roles and Responsibilities

As already mentioned above the scale given to this post is JMGS Scale-I which is the same as that of PO(after the probation period ends). It is also mentioned in the SBI CBO Notification that all those candidates who will be selected via this recruitment process will only be promoted and transferred within their circle.

The transfer to other circles can only take place after the candidate has reached the SMGS-IV Grade or 12 years of service, whichever is later. This is also a reason why the SBI CBO 2023-24 Recruitment has definite eligibility criteria of regional language as well where candidates will have to produce a 10th or 12th standard mark sheet/certificate evidencing having studied the specific local language of the applied State as one of the subjects.

Roles and Responsibility

Overseeing Fundamental Branch Operations

Managing the central branch operations of the branch where they are posted will be the main responsibility of the individual chosen to be an SBI CBO. These can include opening and terminating accounts, issuing checkbooks, and more.

Supervising bank operations

The SBI CBO is also in charge of managing the branch’s banking activities where posting is completed. These can include receiving and paying cash, closing fixed deposit accounts, investing in mutual funds, purchasing life insurance, issuing debit or credit cards, and more.

Granting Loans

Approval of loans in a branch is one of the main duties and roles of an SBI CBO. These loans come in a variety of forms, including home, auto, business, consumer durable, gold, and personal loans.

Building Relationships with Customers

Developing and maintaining client relationships through prompt resolution of customer inquiries is one of SBI CBO’s primary areas of concentration. Maintaining clients will bring in repeat business, which will boost sales for the branch.

Easy Bank Policy Implementation

The bank will occasionally need to establish new policies for it to operate correctly. The CBO is entrusted with the duty of carrying out banking regulations and guaranteeing the efficient operation of the bank.

SBI CBO Recruitment: How many Circle?

The circles for which SBI will conduct SBI Circle-Based Officer(CBO) Recruitment 2023-24 are:

• Bhopal
• Bhubaneswar
• Kolkata
• Hyderabad
• Jaipur
• Maharashtra
• North Eastern
• Ahmedabad
• Amaravati
• Bengaluru
• Chandigarh
• Chennai
• Lucknow
• New Delhi
• Thiruvananthapuram

Is SBI CBO same as SBI PO?

The answer is NO because the eligibility criteria demand a candidate to have a minimum experience of 2 years as an officer in any Scheduled Commercial Bank or any Regional Rural Bank however the scale of the employment will be JMGS Scale-I

SBI CBO 2023-24 Career Path

The following are the details mentioned in the State Bank of India’s Circle Based Officer Recruitment Notification regarding joining, training, and career path:

• Candidates who shall be recruited as Circle Based Officers will be on probation for 6 months.
• Continuous assessment will be done during the 6 months probation to determine if the candidate is fit and suitable for the post.
• After completing the probation and qualifying for the assessment, the candidate will be confirmed in the service of the Bank in Junior Management Grade Scale-I (JMGS-I).
• Selected candidates in the general cadre will be governed by the promotion policy applicable to the Bank’s general cadre officers.