Amid falling staff strength, PSBs may soon start hiring on a monthly basis

From a peak of 886,490 in 2012-13, the staff strength in government banks fell to 770,800 in 2020-21

With the number of employees in public-sector banks steadily declining over the past 10 years, the government has asked the lenders to chalk out a plan to improve staff strength.

In a meeting of chiefs of state-run banks with top finance ministry officials last week, the ministry suggested to them preparing a plan for recruitment every month, sources aware of the development told Business Standard.

“Banks have to make a granular plan for recruitment on a monthly basis,” said a source.

“Public-sector banks do human resources recruitment mainly through the IBPS (Institute of Banking Personnel Selection). It requires their involvement