ICICI Bank attrition: Private lender marks its lowest headcount drop in last three years. Here’s why

Icici Bank Wear: ICICI BANK, India’s second largest private sector Bank, reported the lowest employee wear rate among other largest private sector banks in India in the last three financial years. PTI On Sunday, August 10, 2025. It reflects the preference of employees due to low wear rate, competitive wage and better working conditions.

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ICICI BANK’s employee wear rate fell to 18% in 2024-25 fiscal year, and compared to 24.5% annually in the previous financial year, the bank’s job responsibility and sustainability reporting (BSR) report stated the news agency.

According to the agency report, in the last three financial years, the Indian banking sector has witnessed a continuous decrease on an annual basis. In the financial year of 2022-23, Icıcı Bank’s wear rate was 30.9%lower than its competitors.

The wear rate of private banks

Like Icici Bank’s competitors, the largest private sector bank in India, HDFC Bank recorded an employee wear rate of 22.6% compared to 26.9% in the previous financial year.

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Other private sector banks such as Axis Bank, Kotak Mahindra Bank and Indusind Bank also made a decrease in wear rates for the 2024-25 financial year.

Axis Bank witnessed an employee wear rate of 25.5% in 2024-25 financially, which decreased from the previous 28.8% decline in the previous financial year to the BRSR report.

Kotak Mahindra Bank’s wear rate fell to 33.3% in 2024-25 financially and 39.6% in the previous financial year. According to the news agency, Indusind Bank’s employee wear rate fell to 29% compared to 37% in 2023-24 fiscal year.

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In the last three years, the wear rate between private banks has seen a downward movement between 2022-23 financial years and 2024-25 financial years.

Why has the wear rate dropped?

Factors such as the decline in the worn rate of employee between private banks, the ‘suppressed entry level’ in the BFSI and FinTech sector can be attributed to factors such as the increase in labor market and digital services.

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The news agency emphasized that they have witnessed high-citation rates due to high recruitment rates due to high recruitment rates after the 2020 COVID-19 PANDEMİK, most private sector banks. He said.

Mint Icici Bank’s net profit has increased by 15.5% earlier. La12,768 Crore in the April-June quarter of the 2025-26 financial year LaAccording to the company files, 11,059 Crore in the same quarter a year ago.

Interest income of the private sector bank with an increase of 10.1% LaIn the first quarter of the financial year, which ended 2025-26, 42.946.9 Crore, La38,995,7 Crore in the same period a year ago.