The bank, which reported its slowest profit growth ever at 15 percent for the December quarter, attributed the fall in headcount to efficiencies and lower hiring.
More than a quarter of employers in India are expected to reduce their headcount on account of automation, which is expected to impact majority of companies worldwide, says a report.
The bank trimmed its target for a key measure of profitability, return on tangible common equity, to a range of 15 percent to 16 percent, down from 16 percent previously.
Gearing up for greater powers to tackle investment frauds and to regulate the ever-expanding marketplace, Sebi plans to expand its headcount by more than 50 per cent to close to 1,000 employees in next few years.
IT firm Mahindra Satyam may increase its headcount in Australia to 5,000 in two years from the present 1,600, a senior official of the IT major said.
Tata Consultancy Services (TCS) today said it has given campus offers to 24,000 people, who will be joining the organisation in 2013-14. "We had said we would hire 25,000 from campuses in the next fiscal (2013-14).
Love it or ignore it but India's massive and economical talent base continues to remain an attraction for global IT vendors. That's the reason European IT giant Capgemini is betting big on India, reports CNBC-TV18's Kritika Saxena.
Kritika Saxena of CNBC-TV18 says that Goldman Sachs has rejiged and restructured its entire regional private equity operations.
HCL Technologies beat analysts’ expectations as net profit for the fourth quarter rose 51.7% year-on-year to Rs 510 crore. On a sequential basis the net profit was up 9%.