Over 50,000 candidates selected through IBPS in FY 2025–26, marking a 33% increase over the previous year

The Department of Financial Services (DFS), Ministry of Finance, Government of India, has been undertaking sustained and targeted measures to strengthen human resource capacity in Public Sector Banks (PSBs) through calibrated workforce expansion, improved operational efficiency, and governance-oriented reforms. A well-calibrated scale of recruitment is a cornerstone of sound human resource management, ensuring optimal staffing and sustained operational efficiency. These efforts are aligned with the Government’s broader objective of building a resilient, customer-centric, and future-ready banking system.

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.

As per the data received from the PSBs, in FY 2025–26, a total of 50,552 candidates have been selected and issued offer letters across PSBs, representing 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 FY 2023–24 and increased to 37,860 in FY 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 enhanced scale of recruitment is expected to:

• Strengthen operational capacity and reduce workload pressures
• Improve customer service delivery and responsiveness
• Support the expansion of banking services in underserved areas
• Advance financial inclusion and deepen credit outreach
• Enable PSBs to effectively support India’s growth trajectory

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.

Workforce expansion in public sector banks aims to improve service delivery, financial inclusion, and operational capacity. Public sector banks have been strengthened through calibrated human resource expansion, with recruitment aligned to manpower requirements and conducted through a centralised and standardised IBPS process intended to support transparency and efficiency. The staffing initiative has led to substantial year-on-year growth in selected candidates and is directed toward improving operational capacity, reducing workload pressures, enhancing customer service, supporting underserved areas, and advancing financial inclusion and credit outreach.