New Delhi, April 27 -- The headcount at Axis Bank has fallen by 3,100 employees in the last one year. The job cuts have been linked to ongoing investments in technology and a push for higher productivity.

The private bank's total workforce stood at 1,01,300 employees at the close of the financial year that ended on 31 March 2026. A year earlier, the headcount totalled 1,04,400 employees, its quarterly results released on Saturday show. When compared to the previous quarter, the headcount declined by 552.

It is important to note here that the headcount fell even as the bank opened 166 new branches in the quarter, and 400 new branches in FY26.

While addressing the post-results conference call, Axis Bank MD and CEO Amitabh Chaudhry report...