Archive · 10 Dec 2025
SBI Plans 16,000 Hires, 200-300 Branches in FY26
The State Bank of India (SBI) is planning to hire around 16,000 new employees and open 200-300 new branches in the current financial year (FY26).
This is part of their plan to double their business size to ₹200 lakh crore in 6-7 years.
SBI wants to fill gaps in their network by opening branches in areas they are not currently present, such as upcoming colonies and townships.
They also have a plan to use their subsidiary, State Bank Operations Support Services (SBOSS), to help with government schemes and monitor ATMs.
SBI will deploy 6,000 'ATM mitras' who will be local residents responsible for monitoring ATM availability, maintenance, and cleanliness.
As of March 2025, SBI had 2.36 lakh employees, with women making up 28% of the workforce.
The bank's employee cost rose by 11% year-on-year to ₹36,837 crore in the first half of FY26.
SBI plans to hire 16,000 employees in FY26 to support business expansion and customer service.
The bank aims to open 200-300 new branches to fill 'white spaces' in their network.
SBI's business size target is to double to ₹200 lakh crore in 6-7 years from ₹100 lakh crore in Q2FY26.
SBI will use its subsidiary SBOSS to support government schemes and monitor over 60,000 ATMs.
6,000 'ATM mitras' will be deployed to monitor ATM availability, maintenance, and cleanliness.
- Who
- State Bank of India (SBI)
- What
- Plans to hire 16,000 employees and open 200-300 branches in FY26
- When
- Current fiscal year (FY26)
- Where
- India, with focus on rural and semi-urban areas
- Why
- To aid business expansion and improve customer service
- Total Employees (as of March 2025)
- 2.36 lakh
- Women Employees Percentage
- 28%
- Employee Cost (H1FY26)
- ₹36,837 crore
- New Hires (FY26)
- 16,000
- New Branches (FY26)
- 200-300
- ATM Mitras to be Deployed
- 6,000
- Business Size Target (6-7 years)
- ₹200 lakh crore
- Current Business Size (Q2FY26)
- ₹100 lakh crore