Trade finance and MTS (Marketing and Sales) roles in the State Bank of India (SBI) are distinct, focusing on different aspects of the banking business. Here’s an overview of each role:
### Trade Finance
Trade finance in SBI deals with providing financial services and products to facilitate international trade and commerce. The key responsibilities typically include:
1. **Processing Trade Transactions**:
- Handling letters of credit, bank guarantees, bills for collection, and other trade-related financial instruments.
- Ensuring compliance with international trade regulations and standards.
2. **Risk Management**:
- Assessing and managing the risks associated with international trade, such as credit risk, currency risk, and country risk.
3. **Customer Relationship Management**:
- Building and maintaining relationships with corporate clients engaged in international trade.
- Providing advisory services to clients on trade finance products and solutions.
4. **Documentation and Compliance**:
- Ensuring all trade transactions are well-documented and comply with regulatory requirements.
- Keeping abreast of changes in trade regulations and advising clients accordingly.
5. **Coordination with Other Departments**:
- Collaborating with other departments like foreign exchange, credit, and operations to facilitate seamless trade transactions.
### Marketing and Sales (MTS)
The MTS profile in SBI focuses on promoting the bank’s products and services, aiming to attract new customers and retain existing ones. The key responsibilities typically include:
1. **Sales Strategy**:
- Developing and implementing sales strategies to achieve business targets.
- Identifying potential markets and customer segments for banking products.
2. **Product Promotion**:
- Promoting various banking products such as loans, savings accounts, insurance, and investment products.
- Conducting product presentations and demonstrations to potential clients.
3. **Customer Acquisition and Retention**:
- Identifying and acquiring new customers through direct sales efforts.
- Managing relationships with existing customers to ensure satisfaction and loyalty.
4. **Market Research and Analysis**:
- Conducting market research to understand customer needs and preferences.
- Analyzing market trends to identify opportunities for product development and improvement.
5. **Collaboration with Other Teams**:
- Working closely with the product development, credit, and operations teams to ensure customer needs are met efficiently.
- Coordinating marketing campaigns and promotional activities.
6. **Performance Tracking and Reporting**:
- Monitoring sales performance and preparing regular reports for management.
- Evaluating the effectiveness of sales strategies and making adjustments as needed.
Important Dates
- Application Begin : 7 june 2024
- Last Date for Apply Online : 27 june 2024
- Last Date Pay Exam Fee : 27 june
- Merit / Exam Date : Notified Soon
- Admit Card Available : Before Exam
Application Fees
| Name of Category | Application Fees in Rupees |
| Gen/ OBC / EWS | 750/- |
| SC/ ST/ EBC (NCL)/ PWD | No Fees |
| Mode of Payment | ——— |
Short info
| Organization Name | State Bank Of India |
| Name of Post | Trade Finance |
| No of Vacancies | update soon |
| Advertisement Number | Check Official Notice |
| Salary Details | 28,170-/ Per Month |
| Job Location | All Over India |
| Apply mode | online |
The age limit for SBI Bank Recruitment
The age limit for SBI Bank Recruitment 2024 is 18-40 Years.
Age Relaxation: For SC/ ST /OBC/PWD/ PH Candidates Relaxation as per Government Rule Regulation is also applicable.
Selection Process of SBI Bank Recruitment 2024
- Interview
- Document Verification
- Medical Examination