Private sector banks like ICICI Bank, Axis Bank, and Kotak Mahindra Bank are seeing fewer employees leaving their jobs (this is called attrition).
🔍 Why is attrition decreasing?
- Banks are using more technology and digital systems
- Work is becoming more efficient
- Because of this, banks don’t need as many employees as before
- So instead of hiring more people, they are optimizing their workforce
📉 What the numbers show:
- ICICI Bank: Attrition reduced from 18% → 15.6%
- Axis Bank: Reduced from 25.5% → 22.36%
- Kotak Mahindra Bank: Reduced from 33.3% → 32.5%
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