Indian central bank cautions banks regarding high attrition rate.
Global Banking News-February 20, 2015--Indian central bank cautions banks regarding high attrition rate
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Global Banking News - 20 February 2015
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The Indian central bank has cautioned commercial banks that they will have to put up with a high attrition rate.
RBI deputy governor, R Gandhi, said that opening the banking sector to private banks would lead to higher attrition.
Gandhi said, 'We've been telling banks to expect people to hop from one institution to another. Old method of developing a cadre and expecting them to continue with you for life is going to change. Attrition is going to be the norm.'
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