Private Banks Cut 13,000 Jobs While Expanding Branch Networks

India's private sector banks have eliminated approximately 13,000 jobs even as they continue to open new branches across the country. The reduction reflects a fundamental shift in how banks operate, driven largely by automation and digital technology. Tasks that once required large teams — such as document verification, data entry, and transaction processing — are increasingly being handled by software and AI systems. This means banks can expand their physical footprint without proportionally increasing their workforce. The trend highlights a growing tension between branch-led growth strategies and the shrinking demand for traditional banking roles.
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