Public sector banks will recruit about 50,000 people in the current financial year 2025-26 to meet their growing business needs and expansion. About 21,000 of the recruits will be officers, and the rest will be other employees, including clerks.

According to data collected from various banks, out of the 12 public sector banks, the country's largest lender, the State Bank of India (SBI), will recruit about 20,000 people. This will also include specialist officers. Starting this recruitment process, SBI has already recruited 505 Probationary Officers (POs) and 13,455 Junior Associates to improve the customer experience and streamline the functioning of its branches across the country. Apart from this, the country's second-largest public sector lender, Punjab National Bank (PNB), will recruit more than 5,500 people during the current financial year. As of March 2025, the total number of employees in PNB was 1,02,746. Another public sector bank, Central Bank of India, plans to recruit 4,000 employees by the end of March next year.

SBI: Attrition rate less than 2%

SBI has recruited 13,455 junior associates to fill vacancies in 35 states and union territories. As of March 2025, the total number of employees of SBI was 2,36,226. By the end of the last financial year, 2024-25, a total of 1,15,066 officers were working in the bank. The average recruitment cost per full-time employee for this period was Rs 40,440.59. The attrition rate of employees from SBI every year is less than two percent.

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