SBI to hire 12,000 personnel, add 250 branches during FY27: Chairman Setty
Chairman C S Setty said hiring will be lower than last year after SBI added 25,633 staff in FY26, including 1,500 specialist IT officers.
- State Bank of India plans to hire 12,000 personnel and add 250 new branches during the ongoing financial year, Chairman Setty announced, targeting growth in underserved areas.
- With a workforce exceeding 2.45 lakh as of March 2026, SBI remains one of India's largest employers. Last year, the bank hired 25,633 staff including 4,640 officers and 19,340 associates.
- Unlike last year's recruitment of 1,500 specialist IT officers, the bank currently requires fewer new hires within its information technology division. Setty expects "around 11,000 to 12,000 appointments across both clerical and officer cadres this year."
- The National Stock Exchange received regulatory approval last week for a Rs 30,000-crore initial public offering , with SBI and SBI Capital Markets planning to divest a combined 1 per cent stake.
- No immediate plans for monetising other subsidiaries exist, though SBI currently holds a 3.23 per cent stake in the exchange and SBI Capital Markets owns 4.33 per cent.
16 Articles
16 Articles
SBI to hire 12,000 personnel, add 250 branches in FY27: Chairman Setty
New Delhi, Sep 6: State Bank of India (SBI) plans to recruit around 11,000–12,000 personnel and add 200–250 branches to its network during the current financial year, Chairman C S Setty said. “In terms of recruitment, I think we would be looking at around 11,000 to 12,000 appointments across both clerical and officer cadres this year,” Setty told PTI in an interaction. The final number could vary depending on retirements and emerging requiremen…
SBI Hiring: State Bank of India To Recruit 12,000 Staff, Add 250 Branches in FY27
SBI plans to hire 11,000-12,000 staff and add 200-250 branches in FY27, a moderated pace after FY26's tech-led recruitment surge of 25,633 employees. The lender and SBI Capital Markets will jointly divest up to 1% stake in NSE's INR 30,000 crore IPO, with no plans to monetize other subsidiary stakes for now. SBI Hiring: State Bank of India To Recruit 12,000 Staff, Add 250 Branches in FY27.
SBI to hire 12,000 employees, add 250 branches in FY27, says State Bank of India's chairman CS Setty
State Bank of India (SBI) intends to hire about 12,000 employees and add around 250 new branches to its network in the ongoing financial year, said C S Setty, Chairman of the country's biggest lender.
The Economic Times
SBI to hire 12,000 personnel, add 250 branches during FY27: Chairman Setty
State Bank of India plans to hire approximately twelve thousand personnel this financial year. The bank also intends to expand its network by adding around two hundred fifty new branches. SBI and its subsidiary will dilute up to one percent stake in the National Stock Exchange. This divestment is part of the National Stock Exchange's proposed initial public offering.
State Bank of India (SBI) Chairman CS Shetty said that he is looking to hire 12,000 new employees. Shetty revealed that these appointments will be made in this financial year itself. He said that 250 new branches are being set up in his department. He said that these appointments are likely to be in both clerical and officer cadres.
The country's largest public sector bank, State Bank of India (SBI), will hire 12,000 employees in the current financial year. It also plans to open 250 more branches across the country. SBI is one of India's largest employers, with a target of more than 245,000 employees by March 2026. […]
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