Printer Friendly

Indian central bank cautions banks regarding high attrition rate.

Global Banking News-February 20, 2015--Indian central bank cautions banks regarding high attrition rate

(C)2015 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 20 February 2015

(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk

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.'

[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]

((Distributed via M2 Communications - http://www.m2.com))

COPYRIGHT 2015 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2015 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Global Banking News (GBN)
Date:Feb 20, 2015
Words:139
Previous Article:Indian banks hiring financial detectives.
Next Article:Banco Santander to change screening method for new accounts.

Terms of use | Privacy policy | Copyright © 2022 Farlex, Inc. | Feedback | For webmasters |