Archive · 6 Sep 2026
SBI Plans 12,000 Hires, Branch Expansion, NSE Stake Sale
State Bank of India, or SBI, is planning to hire many people in the current financial year.
It expects to appoint about 11,000 to 12,000 workers in clerical and officer jobs.
The final number could change if many employees retire or the bank’s needs change.
SBI also wants its branch network to grow by about 200 to 250 branches each year.
It may reorganise some branches while opening others in new neighbourhoods and busy business areas.
Last year, SBI hired 25,633 people, including many technology specialists.
This year, it expects to hire fewer technology workers.
SBI and its subsidiary plan to sell up to 1% of their combined stake in the National Stock Exchange through its proposed IPO.
State Bank of India expects to recruit around 11,000–12,000 clerical and officer-level employees in FY27.
The final hiring figure may change based on retirements and emerging staffing requirements.
SBI expects its branch network to grow by about 200–250 locations annually on a net basis.
The bank hired 25,633 people in FY26, including 1,500 specialist IT officers, but expects fewer technology hires in FY27.
SBI and SBI Capital Markets plan to dilute up to 1% of their combined National Stock Exchange stake through its proposed ₹30,000-crore IPO.
- Who
- State Bank of India, Chairman C S Setty, and SBI Capital Markets Ltd.
- What
- SBI plans to hire about 11,000–12,000 employees, expand its branch network by 200–250 locations annually, and potentially sell up to 1% of its combined NSE stake.
- When
- During FY27, the ongoing financial year; the reports were published on September 6, 2026.
- Where
- Across SBI’s Indian operations, including new residential colonies and commercially active districts.
- Why
- To address staffing needs, improve branch coverage, and participate in the proposed National Stock Exchange stake divestment.
- Planned FY27 hiring
- About 11,000–12,000 clerical and officer appointments
- Planned branch growth
- Approximately 200–250 net new branches annually
- FY26 hiring
- 25,633 employees: 4,640 officers, 19,340 associates, and 1,653 contractual staff
- SBI workforce
- More than 2.45 lakh employees as of March 2026
- Planned NSE stake sale
- SBI proposes to sell 0.65% and SBI Capital Markets 0.35%, together up to 1%
- Current NSE holdings
- SBI holds 3.23%; SBI Capital Markets holds 4.33%
- Proposed NSE IPO
- ₹30,000 crore, potentially the country’s largest-ever IPO
Sources
SBI plans to hire 12,000 employees, up to 250 more branches in FY27
SBI plans major hiring drive with around 12,000 jobs in FY27
SBI to hire 12,000 employees, add 250 branches in FY27, says State Bank of India's chairman CS Setty
