Hiring Surge in India's Top Private Banks

A snapshot of the unprecedented growth in hiring among India's leading private banks over the past four years.

295,000 Professionals Added in Four Years

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Key Banks Driving the Surge

– HDFC Bank – ICICI Bank – Axis Bank – Kotak Mahindra Bank – IndusInd Bank – IDFC First Bank – Yes Bank – Bandhan Bank – IDBI Bank – RBL Bank

Top Recruiters

HDFC Bank led the hiring spree, followed by Kotak Mahindra Bank and ICICI Bank.

– HDFC Bank: 96,566 – Kotak Mahindra: 45,000 – ICICI Bank: 41,690

Fastest-Growing Banks

IDFC First Bank saw the highest percentage growth, more than doubling its workforce.

– Bandhan Bank:  88% growth – HDFC Bank:  83% growth

What’s Driving the Hiring Boom?

The rapid hiring is driven by the expansion of branch networks in Tier 2, 3, and rural areas, along with an increased focus on roles in:

– Technology & Digital – Risk Management – Cybersecurity & Fraud Prevention, etc

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Commentary from Xpheno Study “Hiring action in the banking sector is an indicator of overall economic activity trends,” said Shincy Morris, Business Head, Direct Hire at Xpheno.

What’s Next for Hiring?

Senior bank officials confirm continued hiring in functions such as technology, risk management, and branch expansion. The hiring spree is expected to maintain momentum as the banking sector adapts to growing market demands.

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