ICICI Bank witnessed the largest workforce reduction among private sector banks in FY26, with employee strength dropping by 5,148 to 124,029 by March-end 2026.
The bank's permanent employee count fell by 5,148
Jul 20, 2026
11:33 am
What's the storyICICI Bank, India's second-largest private sector lender, has seen a major dip in its workforce strength during the fiscal year 2026.
The bank's permanent employee count, including those at overseas locations, fell by 5,148.
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ICICI Bank reports the largest workforce decline among private sector banks in FY26, despite expanding its branch network.
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India's largest private banks are reducing staff numbers. This shift reflects increased automation and artificial intelligence…
The bank’s total staff fell to 211,178 as of March 31 from a year earlier, with new hiring dropping by 3,811, according to its…
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Eight public sector banks, led by SBI, added 13,223 employees in FY26, boosting total workforce to over 6.28 lakh.
