India’s public sector banks (PSBs) will recruit about 50,000 people in the current financial year to support their growing operations and expansion plans.
Of these, around 21,000 roles will be for officers, while the rest will include clerks and other support staff.
This hiring push shows the rising need for skilled workers in banking, especially in customer service and specialised roles.
SBI to Hire the Most
State Bank of India (SBI), the country’s largest public sector bank, will hire nearly 20,000 people in FY25.
So far, SBI has already hired 505 Probationary Officers (POs) and 13,455 junior associates across 35 states and Union Territories.
SBI currently has 2,36,226 employees, including 1,15,066 officers. The bank has an attrition rate of under 2 percent, which it attributes to strong employee engagement and welfare efforts.
Other PSBs Also Hiring
Punjab National Bank (PNB), the second-largest public sector bank, aims to hire 5,500 new employees this year.
As of March 2025, PNB had 1,02,746 staff. Central Bank of India is also set to recruit around 4,000 employees to meet rising customer needs and improve operations.
These numbers show a wider trend of workforce expansion across all public sector banks.
Finance Ministry Urges Monetisation
Meanwhile, the Finance Ministry has advised PSBs to consider monetising their investments in subsidiaries and joint ventures by listing them on stock markets.
Around 15 such companies are being reviewed for possible IPOs or disinvestment over the medium to long term.
Sources say banks must first improve governance, decision-making, and operations in these subsidiaries before any listing.
Banks have also been encouraged to invest in expanding these units, so they are better valued when they go public.
