Public sector banks to hire about 50,000 manpower in current fiscal

Public sector banks will recruit about 50,000 manpower during the ongoing financial year to meet their growing business requirement and expansion. Of the total fresh recruitment, about 21,000 would be officers and remaining would be staff including clerks, as per data collated from various banks.

Of the 12 public sector banks, the biggest player State Bank of India (SBI) is going to employ close to 20,000 including specialised officers in the financial year.

Initiating the process, SBI has already hired 505 Probationary Officers (POs) and 13,455 junior



associates to enhance customer experience at its branches across the country. The recruitment of 13,455 junior associates is aimed to fill vacancies across 35 States and Union Territories.

The total staff strength of SBI stood at 2,36,226 as of March 2025. Of this, 1,15,066 officers were on the rolls of the bank at the end of last fiscal. Average hiring cost per full-time employee for 2024-25 was Rs 40,440.59.

SBI has a consistent track record of having attrition below 2 per cent each year, which is the result of the best-in-class engagement and welfare practices.