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FY25 Staff Count: HDFC Adds Just 994, ICICI Trims Over 6K

Business Standard

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April 23, 2025

Despite rise in number of branches, hiring slows

- SUBRATA PANDA

FY25 Staff Count: HDFC Adds Just 994, ICICI Trims Over 6K

The country's two largest private-sector lenders added very few employees to their workforce in 2024-25 (FY25), despite expanding their branch networks over the year.

In FY25, HDFC Bank added 994 employees to its workforce, totaling 214,521. In contrast, ICICI Bank saw a net reduction of 6,723 employees, with its total workforce declining to 129,177.

In 2023-24 (FY24), HDFC Bank had added over 40,305 employees to its workforce, following the addition of 31,646 employees in 2022-23 (FY23) and 21,483 in 2021-22 (FY22). In comparison, ICICI Bank added 9,240 employees in FY24, 20,816 in FY23, and 7,094 in FY22.

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