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Axis Bank Plans Higher Fresher Hiring as AI Reshapes Jobs
Axis Bank plans to hire more young people from colleges next year.
It expects to bring in about 12,000 to 12,500 graduates in 2026–27.
The bank says computer tools powered by AI can now do some routine processing work.
It says workers affected by these changes are initially being moved to other jobs.
The bank wants more employees in roles that involve helping customers and managing risks.
Its Thrive platform helps workers find jobs inside the bank that fit their skills.
Only a small part of the planned campus hiring will be for technology jobs.
The bank expects some work tasks to disappear, but also expects new jobs in areas such as AI and data governance.
Axis Bank plans to hire 12,000–12,500 campus recruits in 2026–27, up from 11,500–11,600 in FY26.
The bank says AI is reducing demand for some transaction-processing and lower-level roles, with affected staff initially redeployed.
Hiring will focus mainly on business and customer-facing work, relationship management, risk, compliance, audit and cybersecurity.
About 65% of employee movement is internal, supported by Thrive, an AI-powered platform matching staff with vacancies.
Axis Bank expects 150–200 technology hires among the campus intake and says AI will remove some tasks while creating new governance roles.
- Who
- Axis Bank, with hiring plans described by group head of human resources Rajkamal Vempati.
- What
- The bank plans to increase campus hiring and is shifting some roles and tasks as it adopts AI.
- Where
- At Axis Bank in India.
- When
- The planned intake is for 2026–27; the comparison is with FY26.
- Why
- The bank aims to bring in and develop young talent while adapting its workforce to AI and changing business needs.
AI-driven workforce change
Continuity and new opportunities
Effect of AI on jobs
AI-driven workforce change
AI is reducing the need for some lower-level and transaction-processing roles, and some tasks are expected to disappear.
Continuity and new opportunities
Axis Bank says affected employees are initially being redeployed, while new roles are expected in AI and data governance.
Human involvement in customer work
AI-driven workforce change
AI tools are being deployed to improve employee productivity and support customer interactions.
Continuity and new opportunities
The bank considers relationship management relatively AI-agnostic because customer interaction, trust and understanding client needs still require people.
Key facts
- Planned campus hiring
- 12,000–12,500 in 2026–27
- FY26 campus hiring
- 11,500–11,600
- Technology hires
- 150–200 expected within the planned campus intake
- Employee base
- 101,337 at the end of FY26, down 3,116 from a year earlier
- Internal employee movement
- About 65% at Axis Bank, compared with an estimated industry level of 25–30%
- Attrition rate
- 22.4% in FY26, down from 25.5% in 2024–25
- AI-related task and role outlook
- Vempati said 15–20% of tasks may go away and 20% new roles may emerge
Quotes
Rajkamal Vempati
Axis Bank’s group head of human resources
“I feel 15-20 per cent of the tasks will go away and 20 per cent new roles will emerge in areas like AI tech governance, AI Centre of Excellence value delivery and governance, and data governance”
rediff.com
“Our entire bet is to get people young, train them, assimilate them, and grow them adequately”
rediff.com
Sources
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