The State Bank of India (SBI), the country's largest lender, announced plans to recruit approximately 12,000 employees and open around 250 new branches in the financial year 2026-27. SBI Chairman CS Setty shared these expansion details in an interview with PTI, highlighting the bank's growth strategy for the ongoing fiscal year.
CS Setty specified that the recruitment drive will cover both clerical and officer positions, aiming for about 11,000 to 12,000 appointments. The branch expansion will add roughly 250 new locations to SBI's existing network, reinforcing its physical presence across India. These moves are part of SBI's broader efforts to enhance its service reach and operational capacity.
This expansion aligns with SBI's role as a dominant player in India's banking sector, where increasing workforce and branch footprint supports financial inclusion and customer service. The planned hiring and branch additions come amid a competitive banking environment where other public and private banks are also scaling operations. SBI's strategy reflects its commitment to maintaining leadership in retail and corporate banking segments.
SBI's recruitment and branch expansion plans for FY27 were confirmed by Chairman CS Setty in a statement to PTI on September 6, 2026, marking a significant operational push for the lender in the current fiscal year.