High employee attrition of 25% in private banks: RBI Report
“High attrition and employee turnover rate pose significant operational risks, including disruption in customer services, besides leading to loss of institutional knowledge and increased recruitment costs.” STC Monitoring DeskDecember 30 (STC): Reserve Bank of India (RBI) in its latest Report on Trend and Progress of Banking in India 2023-24 among other things has reported high…