Axis Bank, one of India's leading private lenders, reported a reduction in its workforce by 3,100 employees, bringing the total headcount to 101,300 as of March 31, 2026. This decrease is attributed to the bank's ongoing investments in technology and a drive for higher productivity. Despite opening 166 new branches in the latest quarter and 400 throughout the financial year, the bank's profit for Q4 remained relatively flat at ₹7,071 crore, down from ₹7,117 crore a year earlier. The decline in profit was influenced by lower treasury income and increased provisions, including a precautionary provision of ₹2,001 crore in response to the Middle East conflict. Following the results, Axis Bank's shares saw a decline of 4.8%. The bank's Chief Financial Officer, Puneet Sharma, emphasized that the job cuts were not concentrated in any specific area but were part of a broader strategy to balance branch growth with technological efficiency.