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Employee Count In India's Most Valuable Bank Falls By Nearly 5,000 In Just Three Months
Employee count fell to 90,421 on December 31, 2016 from 95K in Sept.30 HDFC Bank said lower hiring is the reason behind fall in employees Attrition at HDFC Bank is at 18-20% against industry average of 16-22%
27 Jan 2017, 01:31 PM IST 
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Attrition at HDFC Bank is at 18-20% compared to industry average of 16-22%.
Mumbai: Country's most valuable lender, HDFC Bank has rationalised its staff by 4,581 employees in a single quarter courtesy efficiencies in the system and lower hiring.
The bank, which reported its slowest profit growth ever at 15 per cent for the December quarter as demonetisation impacted loan growth, saw total headcount reduce to 90,421 on December 31, 2016 as against 95,002 in September 30, 2016.
In an e-mailed response, the...
