Banking System: Banking sector in India is quite big. At the same time, the number of people working in this sector is also very high.
Meanwhile, it is also being seen that people are leaving jobs in private banks. Regarding this, the RBI Governor has said that he is keeping an eye on this issue. In fact, it has been seen for quite some time that employees are leaving jobs in private banks.
Employees quitting their jobs
Reserve Bank of India (RBI) Governor Shaktikanta Das said that the attrition rate of employees in some private sector banks is very high and the central bank is keeping a close watch on this issue. Das said at Business Standard’s annual event ‘BFSI Insight Summit’ that the Reserve Bank is keeping an eye on this issue under regulatory surveillance.
Attrition rate
Some major banks have informed that the attrition rate has exceeded 30 percent. Commenting on this figure, Das said that each bank will have to form a core team to deal with such issues. He also said that the attitude of the youth regarding changing jobs is changing and the youth are now thinking differently on this aspect.
Strong pace of growth in the economy
The RBI chief said that the growth momentum in the Indian economy remains strong and the second quarter GDP figures will surprise everyone. Along with this, he said that geopolitical uncertainty is the biggest risk to global growth, but India is in a better position to deal with possible risks.
This could be the reason
In fact, in the present era, youth are switching jobs quickly. Due to this, along with salary hike, they also get the offer of good designation. Its effect is now being seen in the banking sector also. Due to which employees are leaving jobs in private banks.
