India is in a downturn. And the recessionary times are clear. State Bank of India recently received 1.7 million applications for just 1,500 entry-level clerk jobs! The main attraction? Good perks, obviously.. but “Job for life” status. In fact for the Probationary Officers job, the perks at State Bank seem very lucrative, given the market. For positions in Mumbai, the bank offered a starting package of 69,000 rupees (1,270 dollars) a month for the “probationary officers” including a housing allowance... Read more