Welcome to the comprehensive job description for the position of Chief Financial Officer (CFO) at the State Bank of India (SBI). This document provides detailed information about the role, eligibility criteria, application process, selection procedures, and other important instructions to assist prospective candidates in understanding and preparing for this prestigious opportunity. Whether you are an experienced finance professional seeking a senior leadership role or someone aiming to contribute to India’s leading banking institution, this guide covers all essential aspects to help you navigate the recruitment process effectively.
SBI Chief Financial Officer (CFO) Recruitment 2026 – Complete Job Profile and Details
Overview of the Vacancy
| Parameter | Details |
|---|---|
| Company Name | State Bank of India (SBI) |
| Post Name | Chief Financial Officer (CFO) |
| Number of Vacancies | 01 (One) |
| Official Notification PDF | Download Official Notification |
| Application Start Date | 05 January 2026 |
| Application End Date | 27 January 2026 |
| Official Website | sbi.bank.in |
| Application Fee | ₹ 750 for UR/EWS/OBC candidates; No fee for SC/ST/PwBD candidates |
| Age Limit (as on 31 Dec 2025) | Minimum 52 years, maximum 57 years |
| Monthly Pay/Salary | Negotiable Annual CTC, based on experience & current emoluments. Comprises 90% fixed + 10% variable pay. |
Eligibility Criteria
Educational Qualification
The candidate must be a qualified Chartered Accountant (CA) from a recognized institute or body.
Additional Desirable Qualifications
FRM Certification and/or CFA credentials are preferred, adding value to the candidate’s profile.
Experience Requirements
| Criteria | Details |
|---|---|
| Total Work Experience | Minimum Fifteen (15) years post-qualification experience in overseeing financial operations, including accounting and taxation, within banks, large corporations, PSUs, FIs, or financial service organizations. |
| Banking/Financial Institution Experience | At least 10 years in Banks/FIs, with at least 5 years in a senior management capacity. |
Salary and Compensation Structure
The annual Cost To Company (CTC) will be negotiated at the time of appointment and will depend on the candidate’s experience, current emoluments, and place of posting. The structure includes fixed and variable components, with the following specifics:
| Component | Details |
|---|---|
| Fixed Pay | 90% of annual CTC |
| Variable Pay | 10% of annual CTC, payable subject to achieving a minimum of 90% in performance appraisal scores, with payments made biannually based on performance assessment as of 31st March and 30th September. |
| Annual Increment | Up to 10% of negotiated CTC, subject to performance scores of at least 90%. Increment distribution is aligned to fixed and variable components (fixed:variable ratio of 90:10). |
| Other Perks | No additional perks are mentioned; salary negotiation will be based on the candidate’s profile. |
Age Limit & Other Restrictions
The candidate should be aged between 52 to 57 years as on December 31, 2025. Age relaxation does not apply unless specified in applicable rules.
Application Fees
Non-refundable application fees are applicable as follows:
- ₹ 750 for candidates belonging to the General, EWS, and OBC categories.
- No fees for SC, ST, and PwBD candidates.
Selection Process
Stages Involved
- Shortlisting: The shortlisting committee will evaluate applications based on the candidate’s qualification and experience. Mere fulfilling minimum criteria does not guarantee an interview call.
- Interview: The interview will carry 100 marks. The minimum qualifying marks will be decided by SBI.
- CTC Negotiation: Selected candidates will undergo CTC negotiation. If the candidate declines the negotiated offer, the next candidate on the merit list will be contacted.
- Final Merit List: The final selection will be based on a composite score derived from interview performance and negotiation outcomes. The eligible candidate with the highest score and successful salary negotiation will be offered appointment.
Important Notes on Selection
- The decision of SBI regarding eligibility, shortlisting, interview, and final selection will be final and binding.
- The interview score will be the primary basis for merit ranking, and tie-breaks will be decided by age (older candidate ranked higher).
- Rejections or cancellations can occur if false or misleading information is discovered at any stage.
General Instructions & Important Notices
Candidates should:
- Ensure all eligibility conditions are met before application submission.
- Apply through the official SBI recruitment portal at sbi.bank.in.
- Upload scanned copies of recent passport-size photograph and signature as per specifications.
- Carefully review the application before final submission; editing is permitted only up to three times.
- Pay the application fee online through secure modes such as internet banking or credit/debit cards.
- Keep their active email ID available for receiving updates, call letters, and interview instructions.
- Submit NOC if currently employed in Government, PSU, or Financial Institutions, along with the application at the time of interview.
- Attend the interview at the designated venue as per scheduled date, providing required documents for verification.
Important Dates to Remember
| Event | Date |
|---|---|
| Start of Applications | 05 January 2026 |
| Last Date for Application Submission | 27 January 2026 |
How to Apply
Follow these steps to successfully submit your application:
- Visit the official SBI recruitment page: https://sbi.bank.in/web/careers/current-openings.
- Download and read the detailed advertisement for advertisement no. CRPD/SCO/2025-26/21.
- Click on the ‘Apply Online’ link associated with the CFO vacancy.
- Register with basic details and generate login credentials.
- Fill in the application form carefully with accurate information.
- Upload scanned copies of your recent passport-size photograph and signature.
- Make the online payment of ₹ 750 (if applicable).
- Review your application carefully before final submission.
- Take a printout of the registration confirmation for future reference.
Additional Resources & Useful Links
This comprehensive guide aims to assist you in understanding the complete recruitment process for the SBI Chief Financial Officer position, ensuring you are well-prepared to submit your application and participate confidently in the selection stages. For any further updates or clarifications, please refer to the official SBI notification and official website links provided above. Good luck with your application!