Reserve Bank of India 'closely' watching high attrition at some private banks: RBI Governor Shaktikanta Das

Reserve Bank of India (RBI) Governor Shaktikanta Das said on Tuesday that some private sector banks have been experiencing very high attrition and that the central bank is watching the issue "closely".

Speaking at the annual BFSI Insight Summit event, the RBI Governor said that the central bank is looking at the issue as part of its regulatory supervision efforts.

Reacting to the comments that some major banks are reporting attrition rates as high as over 30 per cent, Das said that every bank has to build a core team to take care of such issues.

He also said that the career outlook of youngsters has changed with regard to job switching and added that the youth is "thinking differently" on the aspect now.

According to Das, the growth momentum in the economy continues to be strong, and that the GDP number for the second quarter will surprise everyone on the upside.

He said that geopolitical uncertainty is the biggest risk to global growth but was quick to add that India is better placed to deal with any potentially risky situation.

(With Agency Inputs)