SBI Plans to Hire 16,000 Employees Annually, to Open Up to 200-300 Branches in FY26

SBI has shared an important update regarding its hiring plans. Chairman C. S. Setty announced that the bank will welcome around 16,000 new employees in the current financial year. SBI also aims to continue hiring at a similar scale in the coming years to strengthen business operations and improve customer service. With a workforce of about 2.36 lakh employees as of March 2025, this yearly intake will significantly support the bank’s overall growth.

SBI to Hire 16,000 Annually & Open 200-300 Branches in FY26

For FY26, SBI is gearing up for a steady expansion of its physical network. The bank plans to open approximately 200–300 new branches nationwide, with a particular focus on micro-markets and underserved regions identified through internal assessments. This move aligns with SBI’s strategy to strengthen its presence in growing residential townships and emerging areas, ensuring better outreach and improved customer accessibility.

SBI Workforce Profile & Cost Update

By the end of March 2025, SBI employed nearly 2.36 lakh people, spanning roles in the Officer, Associate, and Subordinate Staff categories. Women formed a significant part of the team, making up about 28% of the total workforce. During the first half of FY26, the bank also recorded an 11% increase in employee expenses, reaching ₹36,837 crore, reflecting its ongoing investment in manpower and operational requirements.

Why This Is Good News for Candidates

SBI’s updated hiring outlook signals steady opportunities for those preparing for banking jobs. With consistent yearly recruitment, candidates can look forward to openings in clerical roles, PO positions, and various specialist posts. The plan to add 200–300 new branches in FY26 will further increase the need for staff in customer-facing and support functions, particularly in semi-urban and rural areas where the bank is expanding its presence.

SBI’s Plans for ATM Support & Outsourcing

SBI will strengthen its ATM network through its subsidiary State Bank Operations Support Services (SBOSS). The bank is introducing “ATM Mitras”, local staff who will oversee ATM uptime, cleanliness, and maintenance. SBOSS will also support government schemes, handle application sourcing in agriculture and small business sectors, and monitor over 60,000 ATMs. Additionally, SBI plans to deploy 6,000 support staff across branches for on-ground coordination.