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Eight PSU banks add 13,223 employees in FY26
NDTV Profit··11 Jun
Eight public sector banks added 13,223 employees in FY26, raising combined staff strength to 6,28,203 from 6,14,980 a year earlier. State Bank of India led the hiring surge, accounting for 8,905 additions.
Prism
What It Means For You
- PSU bank hiring can improve branch service, loan processing and support for digital products if staff are trained well.
- The data suggests automation is changing bank jobs rather than simply eliminating them.
- Job seekers may find openings in technology, risk, operations and customer-facing banking roles.
What's Happening
- Eight public sector banks added 13,223 employees in FY26.
- SBI added 8,905 employees, the largest increase among tracked lenders.
- The workforce growth came alongside stronger balance sheets and business expansion.
Banking Workforce Shift
- Public sector banks serve large retail, rural and government-linked customer bases that still need human support.
- Digital banking reduces some manual work but increases demand for cybersecurity, analytics, compliance and product support.
- Improved profitability gives banks more room to hire after years of balance-sheet repair.
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