State Bank of India Plans to Hire 12,000 Employees and Add 250 Branches in FY26
State Bank of India (SBI) is planning to recruit between 11,000 to 12,000 employees across clerical and officer roles for the current financial year. The bank's chairman, CS Setty, noted that this number may vary depending on retirements and evolving needs but expects around 12,000 hires by year-end. SBI also aims to add up to 250 new branches in FY26 as it seeks to expand its presence into underserved areas such as newly developed housing zones and commercially active districts. The bank is simultaneously reviewing the rationalization of existing branches to optimize operations, resulting in a net addition of approximately 200–250 branches annually. In another strategic move, SBI plans to divest up to 1% stake—through itself and its subsidiary SBI Capital Markets—in the National Stock Exchange as part of an upcoming Rs 300 billion IPO. This includes a proposed sale of 0.65% by SBI and 0.35% by SBI Capital Markets.
Topics: banking employment expansion