AI Behind the Counter: India’s Top Private Lenders Trim 7,700 Jobs as Smart Automation Takes Over
India’s premier private sector banks are undergoing a historic structural shift, shedding more than 7,700 jobs in the last financial year as heavy investments in artificial intelligence and digital infrastructure successfully streamline routine backend operations. According to annual reports for the financial year ending in 2026, the country’s largest private lenders—including HDFC Bank, Axis Bank,…
