Market Chatter: Axis Bank Sees Slower Hiring as AI, Technology Boost Productivity

MT Newswires Live

Sep 10

Axis Bank (NSE:AXISBANK, BOM:532215) expects investments in artificial intelligence and technology to support business growth without requiring staff additions at the same pace, CEO Amitabh Chaudhry said in an interview with Bloomberg Television.

The lender has already seen productivity gains, opening about 400 branches in fiscal 2026 while its net headcount fell 3% to more than 101,000 employees, according to its annual report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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