Golden Job Opportunity: Over 50,000 Vacancies Coming in SBI and Other Public Sector Banks This Year

If you're preparing for a bank job, this year could bring a wave of golden opportunities. Public sector banks (PSBs), including the State Bank of India (SBI), are set to recruit nearly 50,000 employees during the current financial year (2025–26) to meet their expanding business needs and service demands.

🔍 What’s the Recruitment Plan?

According to a PTI report, based on data collected from various banks:

• Around 21,000 positions will be for officers,

• While the remaining 29,000+ jobs will include clerks and other staff.

🏦 SBI: Leading the Recruitment Drive

India's largest public sector bank, State Bank of India (SBI), plans to hire approximately 20,000 employees this year.

• This includes both general and specialised officers (SO).

• SBI has already recruited 505 Probationary Officers (POs) and 13,455 Junior Associates to enhance customer service across its branches in 35 states and Union Territories.

📊 As of March 2025, SBI had a total staff strength of 2,36,226, including 1,15,066 officers.

💸 The average hiring cost per full-time employee in FY 2024-25 was ₹40,440.59.

✅ SBI also boasts a strong employee retention record, with an attrition rate of less than 2% annually, thanks to robust employee engagement and welfare policies.

🏦 Other Major Banks Also Hiring

📌 Punjab National Bank (PNB)

• The country’s second-largest PSB is set to hire over 5,500 staff members this financial year.

• As of March 2025, PNB had 1,02,746 employees.

📌 Central Bank of India

• Plans to induct around 4,000 employees during FY 2025–26.

📈 PSBs to Monetize Subsidiary Investments

In parallel with recruitment, the Finance Ministry has instructed public sector banks to monetize their investments in subsidiaries and joint ventures for better returns.

• The move is aimed at scaling operations via IPOs or disinvestment.

• Nearly 15 subsidiaries or joint ventures under PSBs are being prepped for market listing over the medium to long term.

📌 Why This Matters

• Rising business demand and digital transformation in banks have created a surge in HR requirements.

• These recruitments open doors for graduates, postgraduates, and professionals in banking, finance, and IT domains.

• Candidates preparing for IBPS, SBI PO/Clerk, and specialist officer exams should gear up, as notifications are expected to increase in the coming months.

📝 In Summary

Bank	Planned Hiring (FY 2025–26)
SBI	~20,000
PNB	5,500+
Central Bank of India	~4,000
Other PSBs (combined)	~20,000+
Total (Estimated)	~50,000

💡 Pro Tip for Aspirants

• Keep an eye on official websites like sbi.co.in, pnbindia.in, and ibps.in.

• Start or strengthen preparation for PO, Clerk, and SO exams now.

• Focus on topics like quantitative aptitude, reasoning, general awareness, and banking basics.

Don't miss out on this golden chance to land a secure and respected government job in banking!