Circular of Bank Employees’ Federation of India (BEFI)
BEFI observed Demand Day on 14 August 2025 to protest the alarming fall in permanent staffing and growing casualisation in public sector banks (PSBs). Between 2020-21 and 2024-25, total staff strength in PSBs dropped from 7,90,001 to 7,58,172, even as business expanded. Of these, Bank of Baroda and State Bank of India have seen reductions of around 10,000 employees each and Canara Bank nearly 7,000 employees. Shockingly, over 1 lakh contract and outsourced workers are now engaged across PSBs, in addition to thousands of daily wagers, including 13,98,951 Business Correspondents. This circular highlights these disturbing trends and stresses the urgent need for permanent recruitment.
