Axis Bank to hire 30,000 employees in next 2 yrs; open 550 branches in FY21

Gross hiring till December FY20 has been of 28000 employees and attrition inched up by 2 per cent in FY20

Axis Bank to hire 30000 employees in next two years and subsidiaries. Gross hiring till December FY20 stood at 28000 employees compared to 14500 employees in December FY19. The net new hiring for the bank stood at 12800 employees till December FY20 compared to 3000 employees till December FY19. The bank plans to add another 4000 more employees in the last quarter of FY20 . Much of this is being hired in semi urban and tier 2/3 towns and rural India.

Axis bank has added additional unit which is working on intelligent automation across banking operations with use of artificial