Archive · 12 Aug 2025
PSBs Grapple with Staffing Shortages and Outsourcing
Imagine banks like the Central Bank of India and Bank of Baroda are missing some workers.
They have many empty jobs!
This is a problem because the banks have a lot of work to do.
While some banks are doing okay, others have a lot of empty jobs.
Also, banks are hiring many workers who are not full-time employees, which might change how banks operate in the future.
Central Bank of India and Bank of Baroda have the highest vacancy rates among Public Sector Banks (PSBs).
Central Bank of India has 8.64% vacant posts, with 3,156 positions unfilled.
Bank of Baroda has 7.9% vacancies, totaling 6,396 unfilled posts.
PSBs have over 32,000 vacancies despite an assessed workforce of over 7.9 lakh employees.
PSBs are increasingly reliant on a parallel workforce of over one lakh contractual and outsourced workers.
- Who
- Public Sector Banks (PSBs), including Central Bank of India, Bank of Baroda, and others.
- What
- Several Public Sector Banks (PSBs) face significant staffing shortages.
- When
- Data current as of June 30, 2025, and published on August 12, 2025.
- Where
- Across various Public Sector Banks (PSBs) in India.
- Why
- The reasons for vacancies are not explicitly stated, but under-recruitment is cited.
Concerned Parties
Ministry of Finance
Impact of Vacancies
Concerned Parties
Persistent under-recruitment and growing dependence on outsourced manpower highlight a structural shift in public banking employment.
Ministry of Finance
PSBs are working with current data.
- Ministry
- Ministry of Finance
- Total Vacancies
- Over 32,000
- Assessed Workforce
- Over 7.9 lakh employees
- Central Bank of India Vacancy Rate
- 8.64%
- Bank of Baroda Vacancy Rate
- 7.9%
- Contractual Workers
- Over 1 lakh
