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HDFC Bank headcount falls for second quarter in a row, down by 6,100 in Q4

In the preceding Oct-Dec 2016 quarter, the headcount had come down by 4,581 employees

Press Trust of India  |  Mumbai 

For the second successive quarter, there was a massive drop in HDFC Bank's headcount that came down by over 6,000 to 84,325 owing to increased digitalisation in the March quarter and it expects the trend to continue. The second largest private lender's senior management hinted this trend of falling staff strength may continue as greater efficiencies set in. "This is really a function of...What is happening on the digital side. We do believe that with increased digitisation, certain lines of transaction like counters etc actually reduce," deputy managing ...

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First Published: Sat, April 22 2017. 01:53 IST
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