India’s public sector banks are preparing for a massive 50,000-strong recruitment drive during the current financial year, aiming to meet growing business demands and expansion needs
1. Breakdown of Recruitment
- Total hires: ~50,000 new staff
- Officer roles: Approximately 21,000 positions
- Clerks and other support roles: The remaining 29,000
2. SBI Leading the Charge
- State Bank of India (SBI), India’s largest public sector bank, will recruit nearly 20,000 employees, including specialist officers
- Already onboarded 505 probationary officers (POs) and 13,455 junior associates to ramp up customer experience newsbytesapp
3. Other Major PSBs on Board
- Punjab National Bank (PNB): Around 5,500 hires planned
- Central Bank of India: Expected to hire 4,000 employees this year
4. Why the Hiring Surge?
- Banks face growing workloads due to branch expansions, digital service scaling, and increased customer demand
- Low attrition rates, such as SBI’s under-2% turnover, require fresh talent to fill evolving roles
5. Broader Context & Impact
- The push aligns with recent PSB profitability, which has led to calls for monetizing subsidiaries while expanding operations
- In FY 2023, Indian banks hired a record 123,000 employees, showing a decade‑long trend in workforce expansion
✅ Summary
Public sector banks in India are set to hire around 50,000 employees this fiscal—21,000 as officers and the rest in support roles. SBI leads this initiative with nearly 20,000 hires, while PNB and Central Bank follow suit. The move addresses expanding services, digital transformation, and stable growth.
