Closely 'watching' high attrition rate in pvt banks: RBI Guv Shaktikanta Das
New Delhi: RBI Governor Shaktikanta Das on Tuesday commented on the high attrition rates observed in certain private sector banks, emphasising that the Central bank is closely monitoring this issue, a report in the media said.
Speaking at the annual BFSI Insight Summit organized by Business Standard, Das mentioned that the Reserve Bank of India (RBI) is addressing this matter as part of its regulatory oversight efforts, the report stated.
Das acknowledged that some major banks have reported attrition rates exceeding 30 percent.
He stressed that every bank needs to establish a core team to effectively handle such challenges.
Furthermore, he noted that the career perspectives of young professionals have evolved in terms of job transitions, indicating that the youth now approach this aspect with a different mindset.
Regarding the economic landscape, Das expressed confidence in the robust growth momentum, anticipating that the GDP figures for the second quarter will surpass expectations positively.
He cautioned that geopolitical uncertainties pose the most significant risk to global growth, but he immediately added that India is in a better position to manage potentially risky situations.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
