support@headlinenews360.com
RBI On Private Banks: These are alarm bells for private banks. 25 percent of their employees are leaving their jobs. This may have a negative impact on customer services. The Reserve Bank has expressed concern over this. It has been said by the Reserve Bank that the attrition rate of employees in private banks and small financial banks is very high. An increase of up to 25 percent is being seen in this. In the report released by the Reserve Bank, it has been said that in 2023-24, the total number of employees of private banks has exceeded that of government banks. But, such a large number of attrition not only disrupts customer services but also increases employee recruitment costs. Therefore, instead of leaving the task of retaining employees solely to HR, a strategy should be made. For this, employees should be provided with a better environment, adequate training and job growth opportunities inside the bank.
Advice to peep into the background regarding gold loan
The Reserve Bank has also advised banks to look into their own affairs regarding gold loans. It has been said that banks should review their policies regarding gold loans, so that corrective measures related to it can be initiated. In this, banks have been instructed to carefully monitor the gold loan portfolio. Especially in this regard, the need for control has been stated in the work related to outsourcing and third party services.
Reserve Bank has released report on banking sector
The complete report on banking trend and growth in 2023-24 has been released by the Reserve Bank. In this, various aspects related to the banking sector have been highlighted in detail. Along with the possibilities and challenges of many sectors, instructions have also been given to deal with them.
Also read:
