Eight public sector banks add 13,223 employees in FY26; SBI largest recruiter
Eight major Indian public sector banks increased their total workforce by over 13,000 employees in the 2026 fiscal year. State Bank of India led the hiring surge, accounting for the majority of new staff despite industry-wide trends toward automation.
Why it matters
The hiring trend suggests that large financial institutions still prioritize human capital for operational expansion and customer service, countering the narrative that digital transformation will lead to immediate workforce reduction.
Eight of the 12 public sector banks added 13,223 employees in FY26, taking their combined workforce to over 6.28 lakh, with State Bank of India (SBI) accounting for the bulk of the hiring.
The article reports factual data from annual financial reports without emotive language or political framing.
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