<ul data-eligibleForWebStory="false"><li>Annual attrition rates of large private banks like HDFC Bank, Axis Bank, and Kotak Mahindra Bank have shown a decline in FY25.</li><li>HDFC Bank reported a decrease in attrition rate from 27% to 23%, while Axis Bank saw a reduction from 29% to 26% and Kotak Mahindra Bank from 40% to 33%.</li><li>Public sector bank employees have a lower attrition rate in single digits.</li><li>Measures taken by these banks to address attrition include building culture capabilities, leadership development, employee engagement initiatives, skill enhancement programs, and initiatives for career growth.</li><li>Junior to mid-level employees under 30 dominate attrition rates.</li><li>HDFC Bank is focusing on fostering an enabling work environment, while Axis Bank is engaging employees via newsletters, surveys, and town-hall meetings.</li><li>Kotak Mahindra Bank has introduced initiatives like 'Best of Kotak for Kotakites' and transparent career growth plans.</li><li>All three banks are investing in building future-ready leaders and skills to enhance employee retention.</li></ul>

Large private banks’ attrition rate falls in FY25

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