Of the 12 public sector banks, seven saw a decline in headcount in FY25 over the previous year. State Bank of India (SBI) witnessed the largest addition to the workforce among peer banks, with a net 3,930 employees joining the lender in 2024-25. The steepest decline was at Union Bank of India, where the number of employees fell by 1,935.Parekh also highlighted how government-run lenders are focusing on productivity. “One of the parameters from the perspective of the government, which is the largest sharehol ...