New Delhi (01.05.2026): Public Sector Banks (PSBs) have recruited a total of 50,552 candidates in FY 2025-26, 33 per cent higher than the previous year. This represents a significant augmentation of manpower to meet the growing business requirements of the banking sector.
This builds on the trend observed in preceding years, wherein the data stood at 30,827 in 2023-24 and increased to 37,860 in 2024-25, reflecting a clear and sustained year-on-year expansion in workforce across PSBs and a planned approach towards ensuring adequate staffing across PSB offices, the finance ministry said.
Recruitment in PSBs is conducted through the Institute of Banking Personnel Selection (IBPS), in accordance with the specific manpower requirements of participating banks. This centralised and standardised framework ensures transparency and efficiency in the selection process, it said.
The Government remains committed to ensuring that PSBs are equipped with adequate, skilled, and future-ready human resources, enabling them to play a pivotal role in driving financial inclusion, supporting economic activity, and meeting the economy's evolving needs, it said.
