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Public Banks Hire Over 13,000 Staff Amidst Digital Push
11 Jun
Summary
- Eight public sector banks added 13,223 employees in FY26.
- SBI accounted for 8,905 of the new hires, a significant majority.
- Hiring continues despite increased digitalization and automation.
In the fiscal year 2026, eight public sector banks in India expanded their workforce by a notable 13,223 employees. This increase brought their combined staff count to over 6.28 lakh. State Bank of India (SBI) was the primary driver of this hiring, adding 8,905 new employees during the period.
This surge in employment comes despite rapid advancements in banking digitalization and automation. It suggests a strategic decision by public sector lenders to bolster their human resources to support business expansion, enhance customer service, and manage technology-driven transformations.
Other banks contributing to the hiring included Bank of Baroda (1,685 new employees) and Bank of Maharashtra (1,005 new employees). This trend aligns with improved financial performance and stronger balance sheets reported by these public sector banks, prompting investment in manpower across various departments.
