Banks to witness higher attrition this year: Experts

Banks to witness higher attrition this year: Experts

Experts says that, banks are going to witness up to 50 per cent increase in attrition this year compared to last year. The entry of new players to the sector would prefer seasoned industry professionals to grow their operations. New banks such as, Infrastructure financing firm IDFC and micro-finance firm Bandhan Financial Services create new job opportunities across the board. New banks are building their manpower and existing banks are adopting strategies to retain the talent. There is also an estimation of 50 percent higher attrition level compared to last year across all revenue-generating functions in banking.

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