ICICI Bank unlikely to increase its headcount on a net basis in FY26

ICICI Bank may not increase its workforce in FY26 despite adding branches, as it focuses on realignment, efficiency and digitisation, says Macquarie conference note

ICICI Bank, the country’s second largest private sector lender, has indicated that it does not plan to increase headcount on a “net basis” during this financial year (FY26), said a member of the senior management at the Macquarie Asia Conference 2025.

 

However, the bank will expand its branch network as it sees scope to “realign and redistribute workforce.”

 

ICICI Bank saw a net reduction of 6,723 employees in FY25, with its total workforce declining to 129,177. But the bank added 460 branches to its network during this period.

 

In comparison, ICICI Bank added 9,240 employees in FY24, 20,816 in FY23,