India’s Largest Private Bank Lost Over 3,000 Employees to AI

HDFC Bank ended the March financial year with 3,343 fewer employees, a major contraction for India’s biggest private lender. Total headcount stood at 211,178 as of March 31, down from 214,521 a year earlier. The lender said it is steadily moving routine processing onto digital and automated systems. AI Automation Hits Back-Office Jobs Hardest The