ICICI Bank Records Lowest Attrition Rate Among Private Peers for Three Consecutive Years

ICICI Bank Records Lowest Attrition Rate Among Private Peers for Three Consecutive Years:

ICICI Bank, India’s second-largest private sector lender, has emerged as the best performer in employee retention among major private banks for the third consecutive year. According to its Business Responsibility and Sustainability Reporting (BRSR) report, the bank’s attrition rate fell to 18% in FY25, down from 24.5% in FY24 and 30.9% in FY23.

While attrition rates have declined across the private banking sector over the past three years, ICICI Bank consistently outperformed its competitors,

• ICICI Bank: 18% in FY25 → 24.5% in FY24 → 30.9% in FY23
• HDFC Bank: 22.6% in FY25 → 26.9% in FY24 → 34.2% in FY23
• Axis Bank: 25.5% in FY25 → 28.8% in FY24
• Kotak Mahindra Bank: 33.3% in FY25 → 39.6% in FY24
• IndusInd Bank: 29% in FY25 → 37% in FY24 → 51% in FY23