IBPS Makes History: Over 50,000 Candidates Recruited in FY 2025–26 – Check Latest PIB Data
The Ministry of Finance has confirmed a historic milestone with 50,552 candidates selected via IBPS for Public Sector Banks in FY 2025–26, representing a significant 33% year-on-year surge. This growth builds on previous figures of 37,860 in FY 2024–25 and 30,827 in FY 2023–24, highlighting a major push to expand the PSB workforce nationwide.
The Department of Financial Services (DFS), under the Ministry of Finance, has announced a record-shattering achievement in Public Sector Bank (PSB) hiring. According to official Press Information Bureau (PIB) data released on 30 April 2026, a total of 50,552 candidates successfully secured positions and received offer letters through the Institute of Banking Personnel Selection (IBPS) in FY 2025-26. Click here for full details.
IBPS Created History 50000+ Candidates Selected
In a landmark development for banking career aspirants, the Department of Financial Services (DFS) has confirmed that 50,552 candidates have been selected through the Institute of Banking Personnel Selection (IBPS). This figure marks a substantial 33% increase over the 37,860 selections recorded in FY 2024-25, signaling robust employment opportunities within the sector.
PSB Recruitment: Year-on-Year Growth
Official government data reveals a consistent upward trajectory in PSB recruitment over the past three fiscal years. This strategic increase reflects the government's commitment to building a resilient, customer-focused, and future-ready banking infrastructure across India.
- FY 2023-24: 30,827 candidates selected
- FY 2024-25: 37,860 candidates selected
- FY 2025-26: 50,552 candidates selected
Why Is This Recruitment Drive Important?
The Government anticipates that the intensified recruitment drive in FY 2025–26 will drive several transformative outcomes for the banking industry and the broader national economy:
- Strengthen operational capacity and reduce workload pressures on existing staff
- Improve customer service delivery and banking responsiveness
- Support the expansion of banking services in underserved and rural areas
- Advance financial inclusion and deepen credit outreach across India
- Enable PSBs to effectively support India’s broader economic growth trajectory
FAQs
Confirming the historic milestone, the Department of Financial Services, Ministry of Finance, reported that 50,552 individuals were successfully selected and issued offer letters through IBPS for Public Sector Banks during FY 2025–26.
Recruitment across Public Sector Banks saw a notable 33% growth in FY 2025–26 compared to the previous year, with total selections rising from 37,860 to 50,552.
Comparing year-on-year data, recruitment figures stood at 30,827 in FY 2023–24 and 37,860 in FY 2024–25, underscoring a sustained expansion of the PSB workforce.
Public Sector Bank recruitment is managed by the Institute of Banking Personnel Selection (IBPS). This central body ensures a transparent, merit-based selection process tailored to the specific human resource requirements of each participating bank.