In a significant move to strengthen the operational capacity of public sector banks (PSBs), the Finance Ministry has overseen the recruitment of over 50,000 candidates through the Institute of Banking Personnel Selection (IBPS) during FY 2025–26. This marks a sharp 33% increase compared to the previous financial year, reflecting the government’s focus on enhancing service delivery, financial inclusion, and credit growth.

The recruitment drive spans clerical and probationary officer roles, aimed at addressing manpower shortages and supporting expanding banking operations, particularly in semi-urban and rural areas. Officials indicate that the hiring push aligns with broader reforms to modernize PSBs, improve customer interface, and accelerate digital banking initiatives.

The increase in workforce is also expected to bolster loan processing efficiency and strengthen last-mile connectivity under flagship schemes such as Jan Dhan and Mudra.