Public Sector Banks to Hire ~50 000 Staff in FY 26 to Support Growth Plans
Public sector banks (PSBs) in India are set to recruit approximately 50 000 employees during the current financial year—a strategic move to support business expansion, technological upgrades, and enhanced customer service.
PSB Hiring
Banks across the PSU sector are increasing recruitment to meet growing demand:
- Around 21 000 officer-level roles and 29 000 clerks/junior associates will be filled.
- State Bank of India (SBI) leads the drive with plans to onboard nearly 20 000 personnel, including 505 Probationary Officers and 13 455 junior associates.
- Other major banks like Punjab National Bank and Central Bank of India will add roughly 5 500 and 4 000 new employees, respectively, strengthening their workforce.
Banking Jobs
This recruitment push follows a period of attrition, with SBI currently employing over 236 226 staff, including 115 066 officers—and maintaining an attrition rate below 2% after spending an average ₹40 440 per hire in FY 25.
Staff Expansion
The hiring surge aligns with PSBs’ parallel strategy to monetise stakes in subsidiaries, with the government urging banks to prepare about 15 entities for IPOs. To maximise valuation, enhancing internal governance, operational efficiency, and workforce capability is considered essential.
