Public sector banks to hire about 50,000 manpower in current fiscal
New Delhi: Public sector banks will recruit about 50,000 manpower during the ongoing financial year to meet their growing business requirement and expansion.
Of the total fresh recruitment, about 21,000 would be officers and remaining would be staff including clerks, as per data collated from various banks.
Of the 12 public sector banks, the biggest player State Bank of India (SBI) is going to employ close to 20,000 including specialised officers in the financial year.
Initiating the process, SBI has already hired 505 Probationary Officers (POs) and 13,455 junior associates to enhance customer experience at its branches across the country.
The recruitment of 13,455 junior associates is aimed to fill vacancies across 35 states and Union Territories.
The total staff strength of SBI stood at 2,36,226 as of March 2025. Of this, 1,15,066 officers were on the rolls of the bank at the end of last fiscal.
Average hiring cost per full-time employee for 2024-25 was Rs 40,440.59.
SBI has a consistent track record of having attrition below 2 per cent each year, which is the result of the best-in-class engagement and welfare practices.
Country's second biggest public sector lender Punjab National Bank (PNB) intends to increase its headcount to over 5,500 in the current financial year.
As of March 2025, PNB has a total staff strength of 1,02,746.
Another state-owned lender Central Bank of India plans to recruit about 4,000 employees during the current financial year.
Meanwhile, the finance ministry has asked PSBs to look at monetising their investment in subsidiaries by listing them at bourses after further scaling up operations so that they realise good return.
There are about 15 subsidiaries or joint ventures of PSBs lined up for initial public offering or divestment in medium to long term, sources said.
Wherever required, banks should invest funds to scale up operations of their subsidiaries or joint ventures, sources said, adding, banks can look at unlocking value at an opportune time.
As a precursor to monetisation, sources said, banks should improve governance, professional decision-making and bring in greater operational efficiency in their subsidiaries.
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2001 Parliament attack anniversary: Vice Prez, PM Modi, MPs pay tributes to fallen heroes
New Delhi (PTI): Vice President C P Radhakrishnan on Saturday led Parliamentarians in paying floral tributes to those who died fending off terrorists who attacked the Parliament House in 2001.
On the 24th anniversary of the attack, Prime Minister Narendra Modi and Radhakrishnan, who is also the Rajya Sabha Chair, were among the first to offer tributes.
A brief function is held outside the now old Parliament building (Samvidhan Sadan) every December 13 to mark the day.
CISF personnel presented a salute or "samman guard" at the venue, after which a moment of silence was observed to mark the anniversary. Till 2023, the CRPF used to offer 'salami shastra' (present arms).
Congress leader Sonia Gandhi, Leader of the Opposition in the Lok Sabha Rahul Gandhi, and his sister Priyanka Gandhi Vadra, a senior party leader, were also present at the event. Union ministers Kiren Rijiju, Jitendra Singh and Arjun Ram Meghwal also lined up to offer flower petals at the photographs of the personnel who went down foiling the attack.
Lok Sabha Speaker Om Birla is in Latur to attend the funeral of former speaker of the Lower House of Parliament and ex-Union minister Shivraj Patil.
The attack was carried out by five armed terrorists, but personnel from the now former Parliament Security Service, CRPF and Delhi Police foiled the attack, with no terrorist being able to enter the building.
Six Delhi Police personnel, two Parliament Security Service personnel, a gardener and a TV video journalist were killed in the attack. All five terrorists were gunned down in the forecourt of the then Parliament building.
