TALENT RETENTION FRAMEWORKS IN COMPETITIVE ENVIRONMENTS AT STATE BANK OF INDIA

Abstract

Large banks like the State Bank of India must retain their best people in the current tough banking environment. In the face of rising competition from private banks and fintech companies, faster digital transformations, and higher consumer expectations, it is vital to retain bright staff to ensure service quality and operational excellence. SBI's hiring practices are thoroughly examined in this inquiry. It evaluates HR policies, institutional mechanisms, and company culture that encourage employee loyalty. Leadership training, wellness programs, performance-based compensation, digital skills, and career promotion are highlighted in the research. The inquiry analyzes how SBI uses traditional banking principles and modern HR methods to boost employee engagement and reduce attrition. SBI uses a comprehensive, employee-centric retention approach that includes internal and external incentives to retain a consistent and motivated team despite industry-wide issues.