IBPS Created History 50000+ Candidates Selected in FY 2025

The Department of Financial Services (DFS), Ministry of Finance, Government of India, has announced a record-breaking milestone in Public Sector Bank (PSB) recruitment. As per official data released by the Press Information Bureau (PIB) on 30 April 2026, a total of 50,552 candidates have been selected and issued offer letters through the Institute of Banking Personnel Selection (IBPS) across Public Sector Banks in FY 2025-26. Read here for more details.

IBPS Created History 50000+ Candidates Selected

In a major development for banking job aspirants across the country, the Department of Financial Services (DFS), Ministry of Finance, has announced that a record 50,552 candidates have been selected and issued offer letters through the Institute of Banking Personnel Selection (IBPS). This represents a massive 33% jump compared to FY 2024-25, when the recruitment number was 37,860.

PSB Recruitment: Year-on-Year Growth

According to the official data, the number of candidates selected in PSBs has shown consistent growth over the last three financial years. These numbers align with the Government’s broader objective of building a resilient, customer-centric, and future-ready banking system.

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 has stated that the enhanced scale of recruitment in FY 2025–26 is expected to deliver several key outcomes for the banking sector and the economy at large:

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

How many candidates were selected through IBPS for PSBs in FY 2025–26?

A total of 50,552 candidates were selected and issued offer letters through IBPS for Public Sector Banks in FY 2025–26, as confirmed by the Department of Financial Services, Ministry of Finance.

What is the percentage increase in PSB recruitment in FY 2025–26 over the previous year?

PSB recruitment increased by approximately 33% in FY 2025–26 compared to FY 2024–25, rising from 37,860 to 50,552 candidates.

What were the PSB recruitment figures for the previous two fiscal years?

The figures were 30,827 in FY 2023–24 and 37,860 in FY 2024–25, reflecting consistent year-on-year growth in PSB workforce expansion.

Which body conducts recruitment for Public Sector Banks in India?

Recruitment for Public Sector Banks is conducted through the Institute of Banking Personnel Selection (IBPS), a centralised body that manages transparent and merit-based selection as per each bank's manpower requirements.