State Bank of India (SBI) plans to hire about 12,000 personnel and add around 250 branches during FY27, according to Chairman Dinesh Khara Setty. The bank also reports significant hiring activity in the preceding financial year.
Across outlets, SBI’s figures from its annual reporting show that it hired 4,640 officers, 19,340 associates and 1,653 contractual staff in 2025–26, bringing total hires for that period to 25,633. NDTV notes that as of March 2026 SBI employs over 2.45 lakh people.
Times of India adds a separate component to the plan: SBI expects to dilute up to 1% of its stake in the National Stock Exchange during NSE’s proposed ₹30,000 crore initial public offering. Other outlets focus primarily on the hiring and branch expansion targets, without additional detail on the NSE stake dilution.
