HDFC Bank Ends March Year With 3,343 Fewer Employees as Automation Expands
2026-07-12 18:32:27
HDFC Bank cut its workforce by 3,343 in the March financial year, taking total headcount to 211,178 as of March 31 from 214,521 a year earlier. According to BeInCrypto, the biggest reductions were in operational roles, with non-supervisory workmen/clerical and subordinate staff down by more than 8,000 to 162,797, while new hiring slowed by 3,811. Middle-level headcount rose by 1,252, junior-level by 3,543, and senior management added 15 roles. CEO Sashidhar Jagdishan cited redeploying backend staff to customer-facing roles as routine tasks shift to Cash Recycler Machines and the bank’s Neev AI platform. Profit after tax rose 10.9% to ₹74,671.3 crore in FY26.
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