Standard Chartered Bank cuts India jobs as digital alternatives gain steam
The downsizing is majorly in retail vertical, largely due to the reduced need for people manning operations in face of the cheaper digital alternatives, they said.
The sources said 85 per cent of the banks payment transactions, over 80 per cent of the overall banking transactions by the 24-35 age group and 83 per cent of the application onboarding is presently being done digitally. Reuters