If you are preparing for a bank job, then there is some great news for you. Government banks are going to recruit 50 thousand employees soon. In the last few years, there has been a significant decline in the number of government employees. Due to this, there was a lot of discussion about the work pressure in banks. Now, this step will give a lot of relief to the people working in banks. According to the data collected from various banks, out of the total new recruitments, about 21,000 will be officers and the rest will be other employees, including clerks. Let us also tell you what kind of news has come out regarding the vacancies in government banks.
How many recruitments will SBI and PNB make?
Out of the 12 public sector banks, the largest lender, State Bank of India (SBI), is going to appoint about 20,000 people, including specialist officers, in this financial year. Starting this process, SBI has already recruited 505 Probationary Officers (POs) and 13,455 Junior Associates to improve customer experience at its branches across the country.
The recruitment of 13,455 Junior Associates is intended to fill vacancies in 35 states and union territories. As of March 2025, the total number of employees of SBI was 2,36,226. At the end of the last financial year, the bank had 1,15,066 officers. The average recruitment cost per full-time employee for FY 2024-25 was Rs 40,440.59. Less than two percent of employees leave SBI every year.
The country's second-largest public sector bank Punjab National Bank (PNB) is aiming to increase its employee strength by more than 5,500 in the current financial year. As of March 2025, the total number of employees of PNB was 1,02,746. Another public sector bank, Central Bank of India, is planning to recruit about 4,000 employees during the current financial year.
Finance Ministry's advice to banks
Meanwhile, the Finance Ministry has asked public sector banks to monetize their investments in their subsidiaries after further expanding operations through listing in the stock markets, so that they can get good returns. Sources said that about 15 subsidiaries or joint ventures of public sector banks are ready for IPO or disinvestment in the medium to long term. Sources said that wherever needed, banks should invest funds to increase the operations of their subsidiaries or joint ventures. He said that banks can consider extracting this value at the right time.
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