HDFC Bank on hiring spree to fuel biz growth and tackle attrition head-on

Bank has hired over 56K since March 2022; focus on reining in attrition, women re-hiring

HDFC Bank, the largest private sector lender in the country, which is on an ambitious growth path, is laying emphasis on expanding its workforce and rolling out initiatives to tackle employee attrition head-on. Between March 2022 and September 2023, HDFC Bank added 56,310 employees, taking the total count to 197,889. In other words, more than a fourth of the bank’s staff was added in the past 18 months, after the Covid-19 pandemic.

The issue of attrition was also alluded to by Reserve Bank of India Governor Shaktikanta Das at Business Standard’s BFSI Insight Summit recently. Noting that attrition was high