Axis Bank has been recognized as the fifth best workplace in Fortune India’s Future-ready Workplaces Study, driven by its focus on people and fostering a culture that transforms the workplace into a talent hub. The bank has demonstrated its ability to adapt to technological disruptions and increased regulatory scrutiny by shifting its focus to its employees and developing a people-centric model that fuels growth.
With 104,332 employees, 5,377 branches, and a profit of ₹25 lakh per employee, Axis Bank is taking steps to address employee distress and promote internal career growth. Its Project Thrive initiative prioritizes internal career development over external hiring, having helped 4,500 employees transition into new roles last year. The bank also offers leadership development programs, such as AHEAD and ASTROS, which groom high-potential employees for top management positions.
Axis Bank’s talent strategy also emphasizes inclusivity, with initiatives such as #ComeAsYouAre and WomenInEveryTeam increasing representation of women in the workforce. The ARISE program has brought in fresh talent from non-traditional backgrounds, including over 26,000 women employees. Women’s hiring in the microfinance business has also seen a significant increase, from 4% to 27%. According to Chief Human Resources Officer Rajkamal Vempati, the bank has successfully changed the narrative around women leaving the workforce due to life-stage events, with women’s attrition rates now matching or falling below those of men.
Overall, Axis Bank’s focus on people has enabled it to navigate the challenges of modern banking and set a new standard for the industry. Its commitment to employee development, inclusivity, and diversity has earned it a reputation as a top employer and a leader in the banking sector.