RBI Governor Shaktikanta Das Raises Concerns Over High Attrition Rates In Some Private Sector Banks

Reserve Bank of India (RBI) Governor Shaktikanta Das has raised concerns over the high attrition rates observed in certain private sector banks and affirmed that the central bank is closely monitoring this issue.

Speaking at the annual BFSI Insight Summit organised by Business Standard, Das noted that the RBI is actively addressing the matter as part of its regulatory oversight.

Against the backdrop of some major banks reporting attrition rates exceeding 30 per cent, Das emphasised the need for each bank to establish a core team to address these challenges.

He also pointed out a shift in the career outlook of young professionals, with a growing tendency toward job switching and a distinct mindset.

Furthermore, Das highlighted the continued robustness of the economic growth momentum, expressing confidence that the GDP figures for the second quarter would pleasantly surprise.

While acknowledging that geopolitical uncertainty poses the greatest risk to global growth, he underscored that India is well-positioned to manage potential risks effectively.