Axis Bank, the Indian private sector lender, has undergone routine employee performance evaluations as part of its annual appraisal cycle. The outcome has resulted in a mix of promotions and exits, with some employees falling short of performance expectations amidst sector-wide challenges.
The bank emphasised that exits are part of its regular review process, particularly in areas where it continues to invest heavily. Performance-based decisions, including terminations, are not uncommon during appraisal periods. Industry-wide challenges over the past fiscal year have contributed to performance dips in several departments, making it necessary for the bank to realign roles and responsibilities.
As of March 2024, Axis Bank employs over 1.04 lakh individuals, including more than 26,000 women. However, the bank reported a slight decline in net profit for the quarter ending March 2025. Net profit stood at Rs 7,117.5 crore, slightly less than the Rs 7,129.67 crore in the same quarter last year.
While the bank remains focused on long-term growth and strategic investments, it continues to navigate industry pressures with cautious optimism and operational realignment.
