RBI Governor Says: An increase in the number of people leaving jobs in private banks is being seen, on which the banking sector regulator Reserve Bank of India Governor Shaktikanta Das has reacted. RBI Governor said that RBI is keeping a close watch on the attrition rate in banks. He said that there has been a huge increase in the number of people leaving jobs in some private sector banks.
Increased number of people leaving jobs in private banks
In fact, in the recent past, there has been a huge increase in the number of employees leaving jobs in private sector banks. High sales targets, limited growth potential, poor behavior of seniors in the workplace, long working hours and delays in promotions have led to an increase in the number of bank employees leaving their jobs. And this is most visible among young bank employees. Recently, a case of misbehavior of a senior officer in a bank with a junior employee also came to light on social media.
Continuously increasing attrition rate
The attrition rate of employees in HDFC Bank, the country’s largest private bank, has increased to 34.15 percent in 2022-23, which was 27.6 percent in 2021-22. In Kotak Mahindra Bank too, 14,175 employees left their jobs in 2022-23 and the attrition rate among junior bank employees reached 58.2 percent. The attrition rate in Axis Bank in 2022-23 was 34.8 percent. Such a large number of people leaving jobs was seen in the IT sector. But now its impact has started falling on the banking sector also. This is the reason why the RBI Governor had to say that RBI is keeping a close watch on this.
GDP figures will surprise
RBI Governor also said that the pace of economic growth of the country remains strong and the GDP figures of the second quarter will surprise everyone. In view of the war between Israel and Hamas, he said that global political uncertainty remains the biggest risk to global growth and India is in the best position to deal with this risk.
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