Ministry of Finance press release · 30 April 2026 · pibtracker filter

Government Strengthens Public Sector Banks Through Strategic Workforce Expansion

PRID2256951 MinistryMinistry of Finance Released30 April 2026 Reading8 min

Over 50,000 candidates selected through IBPS in FY 2025–26, marking a 33% increase over the previous year Posted On: 30 APR 2026 4:08PM by PIB Delhi 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. ******* AD (Release ID: 2256951) Visitor Counter : 2990 Read this release in: Urdu , हिन्दी , Marathi , Gujarati Ministry of Finance Government Strengthens Public Sector Banks Through Strategic Workforce Expansion Over 50,000 candidates selected through IBPS in FY 2025–26, marking a 33% increase over the previous year Posted On: 30 APR 2026 4:08PM by PIB Delhi 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. ******* AD (Release ID: 2256951) 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. <img src="https://static.pib.gov.in/WriteReadData/userfiles/image/image0013B9I.jpeg" style="height:237px; width:603px" /> The enhanced scale of recruitment is expected to: <ul> <li style="text-align:justify">Strengthen operational capacity and reduce workload pressures</li> <li style="text-align:justify">Improve customer service delivery and responsiveness</li> <li style="text-align:justify">Support the expansion of banking services in underserved areas</li> <li style="text-align:justify">Advance financial inclusion and deepen credit outreach</li> <li style="text-align:justify">Enable PSBs to effectively support India’s growth trajectory</li> </ul> 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.   ******* AD " /> var mPlayer = document.getElementById("background_music"); 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border-top: 8px solid #9a2375; border-bottom: 8px solid #9a2375; border-radius: 8px; overflow: hidden; box-shadow: 0 4px 12px rgba(0, 0, 0, 0.4); animation: moveFilm 8s linear infinite; z-index: 10; } /* film sprocket holes */ .film-roll-badge::before, .film-roll-badge::after { content: ""; position: absolute; width: 100%; height: 10px; background: repeating-linear-gradient( to right, #9a2375 0px, #9a2375 10px, #fff 10px, #fff 20px ); left: 0; z-index: 2; } .film-roll-badge::before { top: -4px; } .film-roll-badge::after { bottom: -4px; } .film-roll-inner { position: relative; height: 100%; display: flex; align-items: center; justify-content: center; animation: flicker 2s infinite ease-in-out; } .countdown-text { font-size: 1.3rem; font-weight: 700; color: #fff; text-shadow: 0 0 6px rgba(255, 255, 255, 0.4), 0 0 10px #000; white-space: nowrap; } /* === Animations === */ @keyframes moveFilm { 0% { background-position: 0 0; } 100% { background-position: 120px 0; } } @keyframes flicker { 0%, 100% { opacity: 1; 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Government Strengthens Public Sector Banks Through Strategic Workforce Expansion

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