State Bank of India has released a specialist cadre recruitment notification for the post of Group Chief Economic Advisor on contract basis. The recruitment is for one vacancy under Advertisement No. CRPD/SCO/2026-27/01, and the application process is fully online through the SBI careers website. Candidates interested in this role should check the official notification carefully because the Bank has laid down specific eligibility conditions, document upload requirements, and fee payment instructions.
This position is meant for senior professionals with substantial experience in economics and policy analysis. The mandatory qualification is a Masters level degree in Economics with specialization in Monetary Economics, Financial Economics, or Econometrics from a recognized Indian or foreign university or institute. In addition, applicants must have at least 15 years of post-qualification experience as an economist in a commercial bank, financial institution, reputed corporate organization, or as a lecturer or professor in Economics, or a combination of these roles.
The engagement is contractual for three years, with possible renewal for a further period of two years at the Bank's discretion, subject to mutually agreed terms and conditions. The suggested place of posting is Mumbai, the selection process consists of shortlisting and interview followed by CTC negotiation, and the last date to apply online and pay the fee is 04 May 2026.
Recruitment overview
SBI has invited online applications for the post of Group Chief Economic Advisor on contract basis. The recruitment falls under the Specialist Cadre Officers category and is being conducted through Advertisement No. CRPD/SCO/2026-27/01.
| Particular | Details |
|---|---|
| Recruiting body | State Bank of India |
| Post name | Group Chief Economic Advisor |
| Nature of engagement | Contractual |
| Total vacancy | 1 |
| Advertisement number | CRPD/SCO/2026-27/01 |
| Application mode | Online |
| Suggested place of posting | Mumbai |
Important dates
The official notification clearly states the application and fee payment period. Candidates should complete registration, upload documents, and submit the fee before the deadline.
| Event | Date |
|---|---|
| Start of online registration | 13 April 2026 |
| Last date for online registration | 04 May 2026 |
| Last date for fee payment | 04 May 2026 |
| Eligibility cut-off date for age, qualification, and experience | 31 March 2026 |
SBI has not announced the interview date in the notification. Shortlisted candidates will be informed by email or through updates on the official careers page.
Vacancy, posting, and contract period
This recruitment is for one unreserved vacancy. The suggested place of posting is Mumbai, but the Bank has stated that posting is indicative and services may be transferred or deputed to any office of SBI in India or to associates, subsidiaries, or other organizations depending on service requirements.
| Item | Details |
|---|---|
| Vacancy | 01 |
| Category | UR |
| Suggested posting | Mumbai |
| Initial contract period | 3 years |
| Possible extension | Further 2 years at Bank's discretion |
| Maximum total engagement | 5 years |
The contract can be terminated from either side by giving three months' notice or payment or surrender of three months' compensation in lieu of notice.
Age limit and eligibility cut-off
The age condition for this post is fixed with reference to 31 March 2026. Candidates must fall within the age band mentioned in the official advertisement on that date.
- Minimum age: 55 years
- Maximum age: 62 years
- Cut-off date: 31 March 2026
Applicants should ensure that all eligibility conditions, including age, educational qualification, and post-qualification experience, are satisfied as on the prescribed cut-off date.
Educational qualification and preferred qualification
SBI has specified a mandatory academic background for the Group Chief Economic Advisor post. The required specialization is directly linked to economics and financial policy.
- Mandatory qualification: Masters level degree in Economics with specialization in Monetary Economics, Financial Economics, or Econometrics from a recognized Indian or foreign university or institute.
- Preferred qualification: Doctorate degree in areas of Money, Banking, or International Finance from a recognized university.
Candidates should rely on the qualification held as on 31 March 2026 and should be ready to upload mark sheets and degree certificates during the online application process.
Experience and desired profile
The role is intended for senior economists with a long professional track record. SBI requires significant post-qualification experience and has also indicated desirable profile elements.
- Minimum 15 years of post-qualification work experience as an Economist in a Commercial Bank, Financial Institution, or other reputed Corporate Organization.
- Teaching experience as Lecturer or Professor in Economics in a College or University is also acceptable.
- Combined experience as an Economist and in teaching is also acceptable.
- Excellent communication skills supported by participation in economic fora are desirable.
- Contribution to leading publications is an added advantage.
The Bank has stated that experience will be verified through supporting documents such as employer certificates, appraisal letters, appointment and relieving letters, offer letter with income tax returns, or other authentic documentary evidence.
Role and responsibilities
The Group Chief Economic Advisor is a strategic leadership role at SBI. The officer will head the Bank's Economic Research Department at the Corporate Centre in Mumbai and provide economic inputs to senior management.
- Provide strategic economic insights to the Bank's top management.
- Analyse macroeconomic trends, monetary policy, fiscal developments, and global economic conditions.
- Prepare periodic economic outlook reports for internal decision-making.
- Support business strategy, treasury operations, and risk management with economic forecasts.
- Represent the Bank in economic forums, policy discussions, and industry interactions where required.
- Guide the Bank's economic research team.
The notification also notes that the listed responsibilities are illustrative and additional work may be assigned by the Bank from time to time.
Salary, CTC structure, leave, and service terms
The remuneration for this post is high-value and negotiable within the limit mentioned in the notification. The Bank has also specified the fixed and variable pay mix and some contract terms.
| Component | Details |
|---|---|
| Annual CTC range | Up to Rs 2.00 crore |
| CTC structure | 90% fixed pay and 10% variable pay |
| CTC basis | Negotiable depending on experience, current emoluments, and place of posting |
| Other perks | No |
| Annual increment | Up to 10% from second year onwards, subject to satisfactory annual performance |
| Leave | 30 days in a financial year |
| Notice period | 3 months from either side or equivalent compensation |
Annual variable compensation will be linked to performance and key result areas. The official may also be subject to Bank service and conduct rules applicable to the post.
Selection process
The selection process for SBI Group Chief Economic Advisor Recruitment 2026 has three stages: shortlisting, interview, and CTC negotiation. Mere fulfillment of minimum eligibility does not guarantee an interview call.
- Shortlisting by the Bank based on qualifications, experience, suitability, and other parameters decided by the shortlisting committee.
- Interview carrying 100 marks.
- CTC negotiation with candidates in order of merit.
The merit list will be prepared in descending order based on interview marks only. If more than one candidate secures the same cut-off marks, candidates will be ranked according to age in descending order. Final selection will be made from the merit list after successful CTC negotiation.
Application fee, documents required, and how to apply
The application must be submitted online through the SBI careers portal. The fee has to be paid online through the integrated payment gateway.
| Category | Fee |
|---|---|
| UR, EWS, OBC | Rs 750 |
| SC, ST | No fee |
The notification asks candidates to upload photograph, signature, brief resume, ID proof, PAN card, educational certificates, experience certificates, Form 16 or offer letter or latest salary slip, NOC if applicable, and the biodata and CTC format.
- Visit SBI Careers Current Openings.
- Open Advertisement No. CRPD/SCO/2026-27/01 for Group Chief Economic Advisor.
- Register online and fill the application form carefully.
- Upload the required documents in the prescribed format.
- Pay the application fee online, if applicable.
- Submit the form and keep the e-receipt and final application printout for reference.
No hard copy of the application or documents needs to be sent to SBI. Candidates should keep their email ID active because interview communication will be sent by email or uploaded on the Bank's website.
Frequently Asked Questions
The last date for online registration and fee payment is 04 May 2026.
There is 1 vacancy for the post of Group Chief Economic Advisor.
The age limit is 55 to 62 years as on 31 March 2026.
Candidates need a Masters level degree in Economics with specialization in Monetary Economics, Financial Economics, or Econometrics from a recognized Indian or foreign university or institute.
Applicants must have at least 15 years of post-qualification experience as an economist or in eligible Economics teaching roles, or a combination of both.
The annual CTC is up to Rs 2.00 crore and is negotiable based on experience, current emoluments, and place of posting.
Selection will be based on shortlisting and interview, followed by CTC negotiation. The merit list will be prepared on interview marks only.