SBI Recruitment 2026 – Apply Online for 7 Chief Manager, Manager Posts

State Bank of India (SBI) is filling 7 Specialist Cadre Officer posts on a regular basis: 1 Chief Manager (Product & Research – Forex & Rupee Derivatives) in SMGS-IV and 6 Manager (Product & Research Analyst) in MMGS-III. The suggested place of posting is Mumbai. Both posts require an MBA/PGDM/PGDBM/PGDBA or equivalent degree. The Chief Manager post also requires 7 years of experience in Forex and Rupee markets. The Manager post requires 3 years of experience in Equity/Forex/Debt research. Applications are online only through sbi.bank.in/web/careers/current-openings under Advertisement No. CRPD/SCO/2026-27/26. Online registration and fee payment run from 2 November 2026 to 23 November 2026.

SBI Recruitment 2026 at a Glance

About SBI Recruitment 2026

The recruitment is conducted by the Central Recruitment & Promotion Department of State Bank of India at its Corporate Centre, Mumbai. Both posts are in the bank’s Specialist Cadre and will have no provision for conversion into the General cadre. The work centres on research and development of derivative and other market products for the bank’s corporate and retail clients.

Vacancy Details

The notice lists 7 vacancies: 1 for Chief Manager and 6 for Manager. The PwBD vacancy is horizontal and is covered under the parent category. The bank states that the number of vacancies, including reserved vacancies, is provisional and may vary according to its actual requirement.

The PwBD vacancies are for candidates with Visual Impairment – Low Vision (VI-LV). The notice defines Low Vision as either of the following: visual acuity not exceeding 6/18 or less than 20/60 up to 3/60 or up to 10/200 (Snellen) in the better eye with best possible corrections; OR limitation of the field of vision subtending an angle of less than 40 degrees up to 10 degrees. Reserved-category and PwBD candidates for whom no reservation is mentioned may apply against Unreserved vacancies if they meet all the Unreserved-category eligibility criteria.

Who Can Apply

The posts are open to eligible Indian citizens. Qualification and experience are counted as on 30.09.2026. Each post also requires proficiency in spoken and written English.

Chief Manager (Product & Research – Forex & Rupee Derivatives)

• Experience: Minimum 7 years of post-qualification experience in the field of Forex and Rupee markets.
• The experience may be in Corporate/Non-Corporate Organizations, Research firms, Brokerage firms, Banks, NBFCs or Mutual funds.
• Age: Minimum 30 years, maximum 40 years, as on 30.09.2026.

Manager (Product & Research Analyst)

• Experience: Minimum 3 years of post-qualification experience in the field of Equity/Forex/Debt research.
• The experience may be in Corporate/Non-Corporate Organizations, Research firms, Brokerage firms, Banks, NBFCs or Mutual funds.
• Age: Minimum 24 years, maximum 36 years, as on 30.09.2026.

For both posts, teaching/training experience will not be counted towards the required experience. The experience certificate from the employer must state specifically that the candidate had experience in the related field. If a degree or diploma certificate does not specify the field of specialization, the candidate must produce a certificate from the university or college that mentions it. The prescribed qualification is the minimum, and candidates must hold the qualification and relevant full-time experience as on the specified dates. Candidates should check the official notification for the full eligibility conditions of each post.

Age Relaxation

The maximum age shown is for Unreserved-category candidates. Reserved-category candidates get relaxation in the upper age limit as per Government of India guidelines (wherever applicable), as listed below.

Cumulative age relaxation is not available. OBC candidates in the creamy layer are not entitled to OBC reservation or age relaxation and must indicate their category as UR or UR (PwBD), as applicable. Copies of the certificates supporting an age-relaxation claim must be submitted at the time of interview, if shortlisted.

Pay and Tenure

Officials in both grades will be eligible for DA, HRA, CCA, Provident Fund, Contributory Pension Fund (NPS), Leave Fare Concession (LFC), Medical Facility and other perquisites as per the rules in force from time to time. Appointment is on a regular basis. Appointment is also subject to the candidate being declared medically fit as per the bank’s requirement and to the bank’s service and conduct rules. The notice does not mention the in-hand salary.

SBI Recruitment 2026 Job Description

Chief Manager (Product & Research – Forex & Rupee Derivatives)

The selected candidate will support the development and delivery of customized solutions to clients. The candidate must also ensure that product offerings stay aligned with evolving market dynamics and regulatory expectations. The job profile includes:

• Conducting research followed by development of new derivative products in line with the prevailing market.
• Evaluating the performance of the product on an ongoing basis.
• Assisting marketing of derivative products to the clients.
• Providing periodic updates to the Top Management.

Key Responsibility Areas (KRAs):

• Lead product conceptualization and development of new derivative instruments.
• Conduct advanced macroeconomic and interest rate research to support product suitability.
• Prepare product notes, risk disclosures and documentation for approval committees.
• Evaluate product performance and recommend product positioning strategies.
• Coordinate with internal departments such as risk, legal, IAD and ITTSS for timely approvals and clearances within the regulatory and internal compliance framework.
• Coordinate closely with CTMU/RTMUs to drive derivative penetration across the bank’s corporate and retail clients.
• Handle the end-to-end process of product development and approval.
• Assist in automation and integration of compliance workflows.
• Mentor AVP-level team members and contribute to strategic product planning.
• Any other related work as assigned.

Manager (Product & Research Analyst)

• Design tailored products based on the client’s need and market dynamics, and keep up with developments in derivative products and regulatory frameworks.
• Conduct Fundamental and Technical research across Equities, Forex and Debt Markets.
• Analyse macroeconomic trends, central bank policies and geopolitical developments, and assess their market impact.
• Generate and maintain financial models and prepare valuation reports.
• Monitor the markets and assess the client’s requirements.
• Provide necessary support in product development.
• Liaise with various departments involved in designing and developing new products.
• Provide regular updates to the stakeholders and Top Management.
• Track and analyse corporate earnings, bond yield movements and currency fluctuations.
• Prepare and present research notes, market outlook and sectoral reports.
• Collaborate with the trading desk to align strategies with research insights.

For the Manager post, the KRAs may be finalized after selection. The notice states that the job profiles and KRAs for both posts are illustrative, and the bank may assign other roles from time to time.

How to Apply for SBI Recruitment 2026

Applications are accepted only online through the link on the bank’s website. No other mode of application will be entertained, and the hard copy of the application and documents must not be sent. Registration is complete only when the fee is paid online on or before the last date.

1. Log in to https://sbi.bank.in/web/careers/current-openings, scroll down and click on advertisement no. CRPD/SCO/2026-27/26, then download the advertisement.
2. Click Apply Online and register using a valid email ID and mobile number. Keep both active until the result is declared.
3. Upload a scanned photograph and signature. The application will not be registered without them.
4. Fill in the application. Saving it generates a provisional registration number and password, and the saved information can be edited three times only.
5. Upload each document through its separate Upload link, and check it with Preview. Documents cannot be changed after upload or submission.
6. Submit the application and pay the fee through the integrated payment gateway (Debit Card/Credit Card/Internet Banking etc.). No edits are allowed after payment, and transaction charges are borne by the candidate.
7. Print and keep the e-receipt and the application form generated after successful payment. The notice says they can be reprinted later.

Documents named in the notice

• Recent photograph and signature (jpeg)
• Detailed resume (PDF)
• ID proof (PDF)
• Proof of date of birth (PDF)
• Caste certificate and PwBD certificates, if applicable (PDF)
• Mandatory educational certificates: degree certificate (PDF)
• Experience certificates, mandatory (PDF)
• Preferred certificate, if any (PDF)
• Biodata Form, duly filled, signed and scanned in PDF. The form is available on the bank’s career website under the advertisement.
• Form-16/Offer Letter/Latest Salary slip from the current employer (PDF)
• No Objection Certificate (NOC) from the present employer, if available, at registration; otherwise it must be produced at the interview. The NOC is mandatory for those working in a Government Institute, Public Sector Unit or Public Sector Bank.

File specifications

• Photograph: recent passport-style colour picture against a light, preferably white, background. File size 20 kb – 50 kb, dimensions 200 x 230 pixels (preferred). Caps, hats and dark glasses are not acceptable. Religious headwear is allowed if it does not cover the face.
• Signature: signed by the applicant on white paper with a black ink pen. File size 10 kb – 20 kb, dimensions 140 x 60 pixels (preferred). A signature in CAPITAL LETTERS will not be accepted.
• Documents: PDF on A4 page size, each not exceeding 500 kb, clear and readable.
• Scanning: resolution of at least 200 dpi, True Color, and photo/signature files in JPG or JPEG format.

Application Fee

The fee and intimation charges are non-refundable. A paid fee cannot be refunded on any account or adjusted for any other examination or selection. Candidates seeking fee exemption must submit a valid certificate from the Competent Authority when it is sought at document verification; otherwise their candidature is liable to be cancelled.

Selection and Interview

Selection for both posts is on the basis of shortlisting and interview.

• Shortlisting: Meeting the minimum qualification and experience does not give a right to an interview. A shortlisting committee of the bank will decide the shortlisting parameters and call an adequate number of candidates.
• Interview: The interview carries 100 marks. The bank will decide the qualifying marks. The bank will also decide the interview venue or centre, and no request for a change will be entertained.
• Merit list: The merit list will be prepared in descending order of interview scores only. Candidates with the same marks at the cut-off point will be ranked according to their age in descending order.
• Call letter: The interview intimation will be sent by email or uploaded on the bank’s website. No hard copy will be sent.

Shortlisting is provisional and done without verifying documents. All details and documents will be verified against the originals when a candidate reports for interview. A candidate found ineligible at the interview will not be allowed to appear and will not get travel expenses.

Important Dates

Important Instructions

• If otherwise eligible, a candidate may apply for both posts.
• If a candidate submits more than one application for the same post, only the last valid (completed) application is retained, and fees paid for the other registrations are forfeited.
• Candidates serving in Govt./Quasi Govt. offices, Public Sector undertakings, Nationalized Banks or Financial Institutions should submit a No Objection Certificate at the interview. Without it, their candidature will not be considered and travelling expenses will not be paid.
• Outstation candidates called for interview will be reimbursed economy-class airfare for the shortest route in India. The maximum is Rs 10,000 (to-and-fro) or the actual travel cost, whichever is lower, on submission of tickets/invoice and boarding pass. Local transportation is not reimbursed.
• OBC candidates must submit a non-creamy-layer declaration. They must also produce an OBC certificate with the non-creamy-layer clause, issued between 01.04.2026 and the date of interview, if called.
• The disability certificate must be dated on or before the last date of registration.
• Candidates with an adverse report regarding character and antecedents or moral turpitude are not eligible to apply. At the interview, candidates must give details of any criminal cases pending against them.
• Selected candidates must produce a proper Discharge/Relieving Certificate from the current employer when taking up the appointment.
• Mumbai is an indicative posting. The bank may post or transfer officers to any of its offices in India or depute them to its associates/subsidiaries or any other organisation.
• No change in category or other particulars is allowed after submission. Updates, corrigenda and results will be hosted only on the bank’s website, and queries can be sent through https://sbi.bank.in/web/careers/post-your-query.

Important Links