State Bank of India (SBI) plans to hire about 12,000 personnel in the current financial year (FY27) and add roughly 250 branches to its network, according to comments by Chairman Dinesh Kumar Khara Setty. SBI also discloses 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, as reflected in its FY26 annual report.
Several reports also link the bank’s plans to broader market and capital-markets actions. Times of India says SBI intends to dilute up to 1% of its stake in the National Stock Exchange (NSE) during the NSE’s proposed ₹30,000 crore initial public offering. Other details focus primarily on staffing and branch expansion, without emphasizing the NSE stake component.
Taken together, the outlets agree on SBI’s scale of FY27 recruitment and branch growth, while only one source highlights the parallel NSE stake dilution linked to the planned IPO.
