Try GOLD - Free
PSU banks headcount falls 10% in FY21-25; State Bank employees shrink by 10K
The New Indian Express Coimbatore
|August 08, 2025
INCREASING technology adoption, coupled with slower-than-needed recruitments to replace retiring staffers as part of cost-cutting given margin compression banks have been experiencing since the pandemic, has seen eight of 12 public sector banks having lower numbers of headcounts at the close of fiscal 2025 than they had on their payrolls in the year to March 2021.
While these 12 banks led by SBI had employed 8,31,630 on rolls as of March 2021, the number has fallen to 7,58,172, a fall of 73,458 in this five-year period, as per the annual reports of these banks, which didn't specify whether all of this is due to retirement or there are other reasons like annual attrition.
This story is from the August 08, 2025 edition of The New Indian Express Coimbatore.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 9,500+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The New Indian Express Coimbatore
The New Indian Express Coimbatore
Opening Stretch in Decider Cost Us
Satwik & Chirag rue lapse in third game during their semifinal against Chen Bo Yang and Liu Yi of China at Worlds
3 mins
September 01, 2025
The New Indian Express Coimbatore
Loans against gold jump 122% in one year
This shows rising indebtedness of households as these loans are for consumption and are of small ticket size
2 mins
September 01, 2025
The New Indian Express Coimbatore
EC Seeks Proof on Congress' 89L Objections
The Congress on Sunday alleged that the Election Commission dismissed around 89 lakh complaints of irregularities flagged by its booth-level agents (BLAs) during the Special Intensive Revision (SIR) of electoral rolls in Bihar.
1 min
September 01, 2025
The New Indian Express Coimbatore
Aavin Asks Agents to Renew License by September 10
DISTRICT Milk Producers Cooperative Union (Aavin) Coimbatore has requested that milk agents renew their licenses by September 10.
1 min
September 01, 2025
The New Indian Express Coimbatore
Doctrine on high-impact missions for three forces to expand scope
INDIA's newly released Joint Doctrine on Special Forces (JDSF), unveiled by Chief of Defence Staff (CDS) General Anil Chauhan, sets forth guiding principles, operational strategies, common understanding and frameworks for enhanced interoperability and synergy among the commandos of the three services (the army's Para SF, the navy's Marine Commandos and IAF's Garuds).
1 mins
September 01, 2025
The New Indian Express Coimbatore
Without SEP, TN varsities bank on NEP for funds
Most universities have implemented 70% of NEP disguised as curriculum revamp, outcome-based learning: Official
3 mins
September 01, 2025
The New Indian Express Coimbatore
Life term to former cop for facilitating '03 suicide attack by Pak terrorist
2 CRPF jawans were killed
1 min
September 01, 2025
The New Indian Express Coimbatore
Army Rescues Mom, 15-Day-Old Baby Stranded in Punjab Flood
A woman and her 15-day-old baby were rescued by the Army after being stranded in a Punjab village due to flooding.
2 mins
September 01, 2025
The New Indian Express Coimbatore
Online tool to manage blood pressure unveiled
HIGH blood pressure is one of the world's biggest health challenges, affecting as many as 1.3 billion and leading to around 10 million deaths per year.
2 mins
September 01, 2025
The New Indian Express Coimbatore
No water from today, Maratha quota warrior to step up stir at Azad Maidan
MANOJ Jarange's stir at Mumbai's Azad Maidan for Maratha quota entered the third day on Sunday, with the activist threatening to escalate his hunger strike from Monday by refusing to drink water, in an attempt to press for the inclusion of Marathas in the Other Backward Class (OBC) category.
1 min
September 01, 2025
Listen
Translate
Change font size