ICICI Bank has overtaken its competitor HDFC in terms of employee number with addition of over 10,000 jobs in the last fiscal. With this, ICICI has emerged as the biggest employer in the private banking space with more than 72,000 employees.
Except HDFC, the employee strength of other five lenders – ICICI Bank, Axis Bank, Kotak Mahindra Bank, IndusInd Bank and Yes Bank has increased by over 20,000 in 2013-14. ICICI Bank has also recorded higher total income and profits than HDFC Bank in the latest fiscal year. The number of employees in HDFC Bank was 68,165 at the end of last fiscal, while the same of ICICI Bank expanded by 10,161 to 72,226.