India's private banks face a 25% staff attrition rate, posing operational risks and knowledge loss.

The Reserve Bank of India's report highlights that private sector banks are experiencing a 25% employee attrition rate, leading to operational risks like service disruptions and loss of knowledge. This rate has risen sharply over three years, with private banks now having more employees than public sector banks. To tackle this, banks must enhance training, mentoring, and workplace culture to retain staff.

3 months ago
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