Kotak Mahindra and Axis Bank to recruit 5,000 employees

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Country’s two largest private sector banks Kotak Mahindra and Axis said they will hire a total of about 5,000 fresh graduates, with a greater emphasis on tech talent. Design skills, earlier not a focus area for banks, are now in demand too.

Kotak Mahindra Bank said it would hire around 2,600 fresh graduates this year. The group’s Chief Human Resource officer Sukhjit Singh Pasricha said they usually hire around 2,500 fresh graduates on an average every year through multiple channels, and this comprises about a quarter of its total annual hiring.

“Around 60% of fresh graduates are generally absorbed in frontline acquisition roles, 20% in service roles, 15% in our in-house contact centre and the rest are hired by operations and various other roles across segments,” said Pasricha.

Axis Bank said it would be hiring more than 2,300 fresh graduates, with 2,000 of them for entry-level roles, 200-plus from B-schools and about a hundred from IITs and NITs.

“This year, we have also focused on hiring in risk, compliance and cybersecurity roles,” said Rajkamal Vempati, HR head, Axis Bank, adding that like last year, IT and analytics remained a focus area.

Kotak Mahindra’s Pasricha said there has been a sudden increase in the demand for highly specialized talent in fields such as analytics, digital banking, artificial intelligence, and information security.

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