SBI, Kotak Mahindra and Axis Bank are going digital — hiring for AI, analytics and other tech profiles


  • Private sector banks — Axis Bank and Kotak Mahindra Bank — are absorbing technical professionals in their teams.
  • The banks announced as many as 5,000 job openings for fresh graduates with cybersecurity, technical and design skills.
  • Axis Bank will hire 2,300 freshers — including campus hires from B-schools and IITs.
Axis Bank and Kotak Mahindra Bank — are hiring extensively for technical professionals. These banks will hire 5,000 fresh graduates with cybersecurity, technical and design skills.

According to Sukhjit Singh Pasricha, chief human resource officer at Kotak Mahindra Bank, the banking industry has witnessed a sudden demand for professionals skilled in technologies like artificial intelligence, digital banking and analytics.

This will be the first time that Kotak is hiring from engineering colleges, thanks to the advent of digital technologies.

The private bank will hire nearly 2,600 freshers this year, Pasricha told ET. This includes jobs across departments — services, operations and frontline acquisition.

On the other hand, Axis Bank will hire 2,300 freshers — including campus hires from B-schools and IITs. It will also hire from National Institute of Design for the very first time.

While IT and analytics remain the most sought-after job role, “this year, we have also focused on hiring in risk, compliance and cybersecurity roles,” said Rajkamal Vempati, HR head, Axis Bank.

This financial year, the largest public sector bank State Bank of India (SBI) hired nearly 11,000 employees so far. This includes jobs in retail banking, IT, corporate and international banking and wealth management.

“There has been continuous disruption in the financial services sector, mainly due to digitalization. While banks are fast adapting to digital ways, these new services require manpower to reach deeper pockets, to engage with customers and provide them with seamless banking experience,” Alok Kumar Choudhary, deputy managing director (HR) and chief development officer of State Bank of India said.

See also:
Benching, firing and re-deploying — the story of 20,000 employees at tech majors

B-school students get summer placements — but for technology job profiles

2020 is the time to bet on India’s internet industry which will be worth $160 billion in 5 years
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