...................... “Once in three years, it is the bank's strategy to look at the larger space and see if there is a need to merge or split jobs,“ said Ramkumar. “That leads to some redundancies.“ Although ICICI Bank is known for its toughness when it comes to eliminating inefficiencies, it did not cut jobs during the economic slowdown in 2012-13 and in 2008-09. It also exempts staff on maternity leave, and those whose children are taking tenth, or 12th class board examination. However, job cuts at ICICI Bank may be good news for rivals .........
Read - ET
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