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Banking-sector crises: None talks about exodus from Axis Bank?

By Indian Mandarins- 03 Oct 2019


If some well placed sources are to be believed approximately 11,500 employees of Axis Bank have resigned in past four months. Recently, Mcqueary Australia has rated the top official of the bank which adds to the apathy of the banking sector as a whole. Further, many more seniors are slated to quit along with the entire team.

Some top officials of the banking sector say that in private sector banks this is a usual trend. They attribute this phenomenon to the mobility of skilled work-force and poaching. They say that private sector banks especially banks namely; ICICI, HDFC, Kotak and Yes Bank keep poaching amongst themselves which often results into exodus of employees and keeping in view the same 11,500 is not a figure that they may underline the banking-sector crisis. Obviously, those employees would have gone to other banks and Axis would have got from others that means zero net loss.

Whatever is the reason, impact and ground reality of banking sector but it is very surprising that no one is talking about it?

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