India’s public sector banks (PSBs) are set to undertake one of the largest recruitment drives in recent years, with plans to hire approximately 50,000 personnel during the current financial year.
The move is aimed at supporting business expansion, enhancing customer service, and reinforcing operational capacity across the banking ecosystem.
Multiple banks have compiled data showing that they will recruit around 21,000 officer-level positions, while clerical and support staff will fill the remaining roles.
The hiring initiative reflects the sector’s renewed focus on talent building, rural outreach, and digital transformation.
Public Sector Banks Hiring: Bank-Wise Hiring Breakdown
- State Bank of India (SBI), the country’s largest public sector lender, will account for nearly 20,000 new hires, including specialised officers, Probationary Officers (POs), and Junior Associates.
- SBI has already recruited 505 POs and 13,455 Junior Associates to fill vacancies across 35 states and Union Territories.
- As of March 2025, SBI’s total staff strength stood at 2,36,226, with 1,15,066 officers on its rolls.
- The bank maintains an attrition rate below 2%, attributed to its employee engagement and welfare practices.
- Punjab National Bank (PNB) plans to add over 5,500 employees to its workforce, which currently stands at 1,02,746.
- Central Bank of India is expected to recruit around 4,000 personnel during FY2025–26.
This hiring wave spans 12 public sector banks, each aligning its recruitment strategy with business growth and service delivery goals.
Financial and Operational Considerations
- The average hiring cost per full-time employee in FY2024–25 was reported at ₹40,440.59, reflecting controlled expenditure amid expansion.
- The recruitment drive will bolster front-line services, branch operations, and digital banking capabilities, particularly in semi-urban and rural areas.
Policy Context and Subsidiary Monetisation
In parallel, the Finance Ministry has urged PSBs to explore monetisation of their subsidiaries and joint ventures through public listings.
Public sector banks are considering around 15 entities for initial public offerings (IPOs) or strategic divestments in the medium to long term.
Banks must take these steps to prepare for monetisation:
- Improve governance and decision-making
- Enhance operational efficiency
- Invest in scaling up subsidiary operations
These measures aim to unlock value and ensure sustainable returns from non-core assets.
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