Indian banks slow headcount growth as automation absorbs frontline workload

Economic Times
Economic Times 15h India
Large Indian banks reported flat-to-declining employee counts and sharply reduced annual hiring in FY2024-25 versus prior years, while continuing branch additions at a slower pace.
Indian banks slow headcount growth as automation absorbs frontline workload
Why it matters
This shifts near-term operating plans toward productivity-led growth, reducing the need for bulk frontline recruitment even as physical distribution expands. Workforce mix is moving toward tech, risk, analytics and compliance roles, tightening competition for those skill sets while lowering demand for mass sales/service hiring. Cost-to-income improvement assumptions become more dependent on digital channel adoption and automation delivery rather than headcount scaling.
TOPICS

Finance & Banking Banking Regulation

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