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India: Technology Related Job Trends in the Banking and Payments Sector (October 2023 - January 2024)

Industry: Banking and Payments
Current: Other Industry Indicators

The number of active Technology related job postings in the Banking and Payments sector of India decreased by 5.82% MoM, and decreased by 20.52% since October 2023, reaching 15,988 active job postings in January 2024
A total of 3,636 new Technology related jobs were posted in January 2024, witnessing a decrease of 8.37% as compared to the previous month. On the other hand, 4,624 Technology related jobs were closed in the same month implying that companies took out 37.97% fewer jobs than the month earlier. For the period from October 2023 to January 2024, the number of new Technology related jobs posted decreased by 17.53% and the number of Technology related jobs closed increased by 16.53%.
In terms of Compound Monthly Growth Rate (CMGR) between October 2023 and January 2024, the number of new Technology related jobs posted observed a negative growth rate of 6.22%, the number of active Technology related job postings observed a negative growth rate of 7.37% and the number of Technology related jobs closed observed a growth rate of 5.23%. Between October 2023 and January 2024, the average number of Technology related jobs posted stood at 4,022, number of Technology related jobs closed stood at 4,943 and number of active Technology related jobs stood at 18,385.