AI will change nature of work, but won’t lead to job losses: Axis Bank

Axis Bank Ltd says artificial intelligence will change the nature of work but won’t lead to net job losses at the Indian lender, which has boosted digital staffing more than 10-fold in recent years.

There’s “no need to shrink our workforce,” said Sameer Shetty, head of digital business and transformation at India’s third-largest private bank by market value.