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Indian private banks cut jobs in 2025, while public and small finance banks hired more.
In India’s fiscal year 2025, private banks reduced their workforce to 838,150, down from 845,407, led by major cuts at ICICI Bank.
Public sector banks saw a modest rise to 757,641 employees, while small finance banks expanded significantly, hiring nearly 16,000 new staff and now employing 177,000.
State Bank of India and HDFC Bank reported slight job growth, reflecting divergent strategies: private banks focusing on efficiency amid digital transformation, while public and small finance banks expanded to meet rising demand and regional outreach needs.
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Los bancos privados indios recortaron empleos en 2025, mientras que los bancos públicos y pequeños financieros contrataron más.