Public sector banks to hire about 50,000 manpower in current fiscal

Published in Business and Finance on Tuesday, August 26th 2025 at 1:53 GMT by Telangana Today
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I need to fetch the article content.We need to open https://telanganatoday.com/public-sector-banks-to-hire-about-50000-manpower-in-current-fiscal.Public‑Sector Banks Set to Add 50,000 New Jobs in the Current Fiscal Year

The Reserve Bank of India (RBI) has issued a fresh directive that is expected to trigger a recruitment bonanza across India’s public‑sector banking sector. Under the new directive, 12 major state‑owned banks are slated to hire roughly 50,000 fresh manpower over the course of the current fiscal year. The move, announced in a circular dated early September, is designed to address a chronic shortage of staff in key areas such as retail banking, technology, and risk management, while ensuring that banks can keep pace with the country’s growing digital economy.

The Numbers Behind the Directive

According to the RBI’s communication, the 12 banks that will participate in the hiring drive include the State Bank of India (SBI), Bank of Baroda (BoB), Canara Bank, Punjab National Bank (PNB), IDBI Bank, Indian Bank, Central Bank of India, UCO Bank, Oriental Bank of Commerce, Andhra Bank, Union Bank of India, and a handful of other smaller institutions.

Collectively, these banks will create around 50,000 new employment opportunities—roughly 4,000 positions per bank on average, though the distribution is not uniform. Some banks, such as SBI and BoB, plan to open as many as 7,000 posts, while others will add a smaller cohort. The positions cover a broad spectrum of roles:

Customer‑Facing Posts: Clerks, tellers, and relationship managers, to bolster retail and corporate services.
Technical and IT Roles: Software engineers, data analysts, and cybersecurity specialists, to support the banks’ push toward digital banking.
Risk and Compliance Functions: Credit analysts, internal auditors, and regulatory officers, in line with heightened regulatory scrutiny.
Operations and Administration: HR, finance, and general administrative staff, aimed at improving operational efficiency.

Why 50,000? The Rationale

The RBI’s decision is anchored in several strategic priorities:

Bridging the Digital Divide – With more than 200 million Indians already online, banks are expanding digital products. The new hires will support initiatives like mobile banking, e‑KYC, and real‑time payment systems such as UPI and IMPS.
Regulatory Compliance – Post the 2018 RBI directive on “risk‑based supervisory” and the 2020 “Basel III” implementation, banks have had to shore up their risk‑management frameworks, requiring additional compliance staff.
Customer Service and Outreach – The banks are working to increase their branch network in underserved rural and semi‑urban regions. New hires are essential to run these branches effectively.
Resilience and Contingency Planning – In the wake of the COVID‑19 pandemic, banks have emphasized the need for robust contingency and disaster‑recovery teams, further driving demand for skilled personnel.

The RBI has also stated that the hiring process will be "transparent and merit‑based," with clear eligibility criteria and a structured selection methodology. All applicants will undergo written examinations followed by personal interviews, and successful candidates will be expected to join within six months of their appointment.

How the Hiring Process Will Work

While each bank will manage its own recruitment, the RBI has set a common framework that includes:

Eligibility: Minimum educational qualifications vary by role (e.g., bachelor's degree for general staff; master's or professional certifications for specialized technical roles).
Selection Criteria: Written tests will evaluate logical reasoning, quantitative ability, technical acumen, and subject‑specific knowledge.
Interview Rounds: Shortlisted candidates will go through panel interviews, assessing both technical competence and cultural fit.
Documentation and Verification: Background checks, academic verification, and reference checks are mandatory.
Onboarding: New hires will undergo a two‑week induction covering product knowledge, bank policies, and compliance training.

In addition to the core selection process, some banks have highlighted a preference for women candidates, in line with government initiatives to promote gender diversity in the workforce. Several banks will also offer special “back‑door” entry for individuals with experience in the banking sector or in adjacent fields such as finance and information technology.

Economic and Social Implications

For the Indian economy, this recruitment drive is expected to generate a multiplier effect. Direct employment will increase in the banking sector by 2–3%, while indirect job creation—through ancillary services such as transport, food, and retail—could see an uptick of up to 5%. In rural Telangana, where a significant proportion of the population relies on local bank branches, the expansion of human resources will facilitate financial inclusion and stimulate small‑scale entrepreneurship.

The initiative also dovetails with the national “Digital India” campaign, aiming to bridge the gap between citizens and the financial system. By placing more trained professionals at the frontline, banks can better deliver services such as small‑loan facilitation, insurance products, and digital payments, which are critical for poverty alleviation and economic resilience.

Looking Ahead

The RBI’s directive has already set off a flurry of announcements from the banks involved. SBI, the country’s largest bank, has opened its recruitment portal with over 5,000 openings across multiple branches. Bank of Baroda announced a special “Technology and Digital Banking” recruitment drive, targeting fresh graduates with a knack for AI and blockchain.

In parallel, the Central Government has hinted at a “National Recruitment Drive for Public Sector Banks” that will include not only banking staff but also support roles in IT, cybersecurity, and data science. If the banks adhere to the RBI’s timeline, the recruitment drive is expected to conclude by the end of the fiscal year, with new hires starting to take up posts from the second quarter of the following fiscal year.

For candidates and job seekers, the message is clear: the public‑sector banking sector is opening a floodgate of opportunities. Whether you’re a fresh graduate, an experienced professional, or a mid‑career individual looking for a shift, the banks’ hiring drive presents a compelling prospect for stable, rewarding employment in one of the country’s most vital industries.

This article is based on the original coverage by Telangana Today, including additional context provided by the RBI’s circular and related press releases from the banks themselves.

Read the Full Telangana Today Article at:
[ https://telanganatoday.com/public-sector-banks-to-hire-about-50000-manpower-in-current-fiscal ]

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