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25% Attrition in Private Banks Risks Operations, Says RBI Report
Financial Express Kochi
|December 30, 2024
Employee attrition in private sector banks has witnessed an increase to about 25%, and this high turnover rate poses significant operational risk, according to the latest report on Trend and Progress of Banking in India 2023-24.
Employee attrition rates are high across select private sector banks and small finance banks (SFBs), the report, which was released by the Reserve Bank of India (RBI), said.
This story is from the December 30, 2024 edition of Financial Express Kochi.
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