High employee attrition of 25 per cent in private banks pose operational risk: RBI Report

Employee attrition in private sector banks in India has increased to around 25%, posing significant operational risks, according to the RBI's 2023-24 banking report. The report highlights the need for banks to adopt strategic measures to reduce turnover and ensure effective loan policies, especially concerning gold loans.

Dec 29, 2024 - 16:30

High employee attrition of 25 per cent in private banks pose operational risk: RBI Report

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Employee attrition in private sector banks in India has increased to around 25%, posing significant operational risks, according to the RBI's 2023-24 banking report. The report highlights the need for banks to adopt strategic measures to reduce turnover and ensure effective loan policies, especially concerning gold loans.