New Delhi, 30 April (H.S.):

The Department of Financial Services (DFS) under the Ministry of Finance recruited over 50,000 employees through the Institute of Banking Personnel Selection (IBPS) in FY 2025-26, bolstering Public Sector Banks (PSBs).

The Finance Ministry stated Thursday that DFS implemented continuous, targeted measures through planned workforce expansion, enhanced operational efficiency, and governance-oriented reforms to strengthen PSB human resource capacity. This strategic expansion forms part of a standardised recruitment process aimed at improving operational efficiency, digital banking, and customer service.

Per ministry data, PSB recruitment operates through IBPS per participating banks' specific manpower needs. This centralised, standardised framework ensures transparency and efficiency in selection. PSB figures show 50,552 candidates selected and offered appointment letters in FY 2025-26—significant human resource growth meeting rising business demands. Figures rose from 30,827 in FY 2023-24 to 37,860 in FY 2024-25.

Enhanced operational capacity, reduced workload pressure, improved customer service delivery and response, banking expansion in underserved areas, and financial inclusion boost credit access, enabling PSBs to effectively support nation's development journey.

Ministry affirmed Centre's commitment equipping PSBs with adequate, skilled, future-ready human resources to drive financial inclusion, support economic activity, and meet evolving economy needs. This reflects planned approach ensuring clear, consistent annual workforce expansion and adequate staffing across PSB offices.

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Hindusthan Samachar / Jun Sarkar