SBI Targets 12,000 New Hires and 250 Branches in FY27

State Bank of India Chairman CS Setty announced plans to recruit 11,000 to 12,000 employees and add 250 branches during the current financial year.

The bank currently employs over 2.45 lakh staff and aims to expand its physical presence in new colonies and commercially active districts.

SBI and its subsidiary, SBI Capital Markets, plan to divest a combined 1% stake in the upcoming NSE IPO, according to the chairman.