Icici Bank has reported the lowest course of employees to large lenders in the past three financial years, which reflects a higher stickiness as a result of competitive remuneration and a better working environment.
During the last three financial years, the industry has also witnessed a long -term decrease on an annual basis.
The course of employees at the second largest bank of the country’s private sector fell to 18 percent in FY25 of 24.5 percent in FY24, according to the last report of the Bank Reporting (BRSR) of the bank.
During 2022-23, the bank reported a failure rate of 30.9 percent, lower than its competitors.
The larger Peer, HDFC Bank, has registered a course of employees of 22.6 percent in FY25, compared to 26.9 percent in FY24. The course was 34.2 percent in 2022-23.
Likewise, the wear was 25.5 percent for Axis Bank, a decrease of 28.8 percent in FY24, and the manpower output percentage of Kotak Mahindra Bank declined to 33.3 percent of 39.6 percent in the previous year, according to their annual and BRSR reports.
For Indusind Bank, the course percentage 29 percent in FY25, lower than 37 percent was observed in 2023-24 and 51 percent in FY23.
In the past three years, from FY23 to FY25, banks in the private sector have seen a southern movement in their course of employees.
The delaying course can be attributed to a combination of factors such as a modest entry market on the BFSI and Fintech Industries and the growth of digital services, said a senior HR director of a bank, to ask for anonymity.
Most banks in the private sector went on a recruitment after the pandemic, which then led to a high course.
“Now the market seems to have been stabilized, which means that banks do not recruit heavily and that the entry-level employees do not leave banks to become a member of Fintech companies,” said a senior HR director of a bank in the private sector.
Published on August 10, 2025
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