Private lenders face 25% attrition, RBI report warns
Employee attrition rates are high across select private sector banks and small finance banks (SFBs), the report, released by the Reserve Bank of India (RBI), said. The total number of employees in private banks surpassed that of public sector banks (PSBs) during 2023-24, but attrition in private banks has risen sharply over the last three years, with an average attrition rate of around 25%, it noted.
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