New Delhi, April 30: The Centre has stepped up workforce expansion in public sector banks (PSBs), with over 50,000 candidates selected during the financial year 2025–26, reflecting a sharp increase aimed at strengthening operational capacity and improving customer service.
According to an official statement issued by the Department of Financial Services under the Ministry of Finance, a total of 50,552 candidates were selected and issued offer letters across PSBs during FY26. This marks a 33 per cent rise compared to the previous year.
Recruitment in PSBs is conducted through the Institute of Banking Personnel Selection (IBPS), which provides a centralised and standardised framework to ensure transparency and efficiency in the hiring process, based on the manpower requirements of participating banks.
The latest hiring push builds on a steady upward trend in recent years, with 30,827 candidates recruited in FY 2023–24 and 37,860 in FY 2024–25, indicating a sustained and planned expansion of the banking workforce.
Officials said the increased recruitment is expected to ease workload pressures within banks, enhance customer service delivery, and support the expansion of banking services, particularly in underserved and rural areas.
The move is also aimed at advancing financial inclusion, strengthening credit outreach, and enabling PSBs to better support India’s economic growth.
The government said the initiative is part of broader efforts to build a resilient, customer-centric, and future-ready banking system by ensuring adequate and skilled human resources across public sector banks.
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