HDFC Bank trims workforce by over 3,300 in FY26, says tech will elevate, not replace people
New Delhi, July 13 -- India's largest private sector lender, HDFC Bank, reduced its workforce by 3,343 employees during FY26 as it accelerated efforts to automate operations and redeploy staff to customer-facing roles, Moneycontrol reported.
According to the bank's annual report for the financial year ended 31 March 2026, HDFC Bank's total employee strength declined to 2,11,178 as of March 2026 from 2,14,521 a year earlier.
The reduction was also seen in non-supervisory roles. The number of workmen, clerical and subordinate staff fell by 8,153 to 1,62,797 in FY26 from 1,70,950 in FY25, indicating that operational and back-office functions are increasingly being streamlined through automation.
"We embrace technology not to replace the h...
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