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Axis Bank Raises FY27 Campus Hiring as AI Reshapes Workforce
Axis Bank plans to hire more people directly from colleges next year.
It expects to recruit about 12,000 to 12,500 campus employees in FY27.
This is higher than its planned hiring in FY26.
At the same time, the bank’s total number of employees became smaller.
The bank says artificial intelligence will handle some repetitive tasks.
However, it does not plan to cut jobs directly because of automation.
Instead, it may move workers into different roles, especially jobs involving customers.
The bank is also helping employees find new internal opportunities and reported lower employee departures.
Axis Bank expects campus hiring to reach 12,000-12,500 employees in FY27, up from about 11,500-11,600 in FY26.
The bank’s total workforce fell to 101,337 employees in FY26 from 104,453 a year earlier.
Axis Bank hired 31,665 employees during FY26 despite the decline in overall headcount.
The bank says AI will reduce some routine operational work but does not plan direct automation-related job cuts.
Employee attrition declined to 22.4% in FY26 from 25.5% in FY25, while about 65% of employee movement is internal.
- Who
- Axis Bank and Rajkamal Vempati, the bank’s Group Head of Human Resources.
- What
- The bank plans to increase campus hiring to 12,000-12,500 employees in FY27 while adapting roles and internal mobility to AI-driven changes.
- Where
- At Axis Bank; the articles do not specify a location.
- When
- FY27, following workforce and hiring figures reported for FY26.
- Why
- To build early-career talent and meet changing skill requirements as AI reduces some routine operational work.
Key facts
- FY27 campus hiring
- 12,000-12,500 employees expected
- FY26 campus hiring
- Approximately 11,500-11,600 employees
- FY26 total workforce
- 101,337 employees
- FY25 total workforce
- 104,453 employees
- FY26 total hires
- 31,665 employees
- FY26 attrition
- 22.4%, down from 25.5% in FY25
- Internal employee movement
- About 65%, compared with an estimated industry average of 25-30%
- Internal-role eligibility
- Reduced to 16 months from three years
Sources
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