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Thenewsdose.com
Mumbai/Delhi.July 20,UPDATED: 4.35PM
In a major boost to employment and public sector resurgence, India’s public sector banks (PSBs) are set to recruit nearly 50,000 employees during the current financial year (FY25), according to a report by PTI. The large-scale hiring initiative—among the most ambitious in recent years—is aimed at supporting growing business volumes, digital expansion, and nationwide financial inclusion.
SBI to Lead with 20,000 New Appointments
Among the 12 PSBs, the State Bank of India (SBI) is spearheading the hiring drive with plans to induct around 20,000 employees this fiscal. This includes a mix of Probationary Officers (POs), Junior Associates, and Specialist Officers in areas like IT, data analytics, and risk.
SBI has already recruited 505 POs and 13,455 Junior Associates to bolster front-line customer service across its 22,400+ branch network. As of March 2025, the bank’s total staff strength stood at 2.36 lakh, including over 1.15 lakh officers, reflecting its vast operational footprint.
PNB, Central Bank Also Announce Hiring Plans
Other leading banks are also ramping up their workforce. Punjab National Bank (PNB) has announced plans to recruit over 5,500 employees in FY25. With a workforce of 1.02 lakh, PNB is strengthening both rural and urban operations to meet increased credit demand and digital servicing targets.
Meanwhile, the Central Bank of India has declared its intention to hire around 4,000 personnel in FY26, reinforcing its ongoing transformation strategy and efforts to expand reach in underbanked regions.
Clerical & Officer Cadres in Focus
Of the projected 50,000 hires, approximately 40% will be officers, while the remainder will comprise clerks and support staff. The hiring pattern reflects the dual imperative of enhancing strategic decision-making and boosting last-mile service delivery at the branch level.
This hiring spree comes at a time when PSBs are registering improved financial performance, reduced NPAs, and growing credit off-take across segments such as agriculture, MSMEs, retail lending, and infrastructure finance.
Supporting Digital Push & Financial Inclusion
Beyond branch-level reinforcement, the hiring drive is also central to PSU banks’ broader digital transformation agenda. The new recruits are expected to play a vital role in:
Expanding digital banking units (DBUs) under the RBI-backed initiative.
Improving onboarding and servicing for Jan Dhan Yojana accounts.
Scaling UPI-based services, net banking, and mobile banking in semi-urban and rural areas.
Facilitating government schemes like the PM SVANidhi, Mudra Loans, and Credit Guarantee for MSMEs.
A Boost for Job Seekers
The hiring push is timely, given that over 1.3 crore youth appear for competitive banking exams annually in India. The revival in public sector banking jobs is expected to provide relief to aspirants seeking stable, salaried government employment, especially in Tier-2 and Tier-3 towns.
Recruitment exams conducted by bodies such as IBPS, SBI, and individual banks are likely to see renewed enthusiasm amid this employment uptick.
Public Sector Banking Is Back in the Spotlight
The plan to recruit nearly 50,000 personnel across PSBs in FY25 signals a renewed growth cycle in India’s state-owned banking sector. As public banks align themselves with economic revival, credit expansion, and deeper rural penetration, the new workforce will be instrumental in delivering efficient, tech-enabled, and inclusive banking services across the country.
