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India s private lenders grab brisk business at the cost of soaring attrition | Hellenic Shipping News Worldwide

India s private lenders grab brisk business at the cost of soaring attrition | Hellenic Shipping News Worldwide
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india: Private banks in India are battling rising attrition even as business grows

Private banks in India are facing a high rate of attrition, particularly amongst younger entry-level employees due to high demand for loans. Last year, HDFC Bank s turnover rate rose to 34%, Axis Bank was at 35% and Kotak Mahindra Bank recorded a surge in at approximately 50% whilst Yes Bank s attrition hit 43%. The attrition rate is caused by increasing pressure on frontline staff to fulfil the demand for loans.

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India s private lenders grab brisk business at the cost of soaring attrition

India s private lenders are contending with soaring attrition amid strong demand for loans and the rush to capture a larger share of the crowded market. .

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India s private lenders grab brisk business at the cost of soaring attrition | Business News

HDFC Bank, India's largest private lender, saw its employee turnover rate over the last year rise to 34%, while Axis Bank was at nearly 35%. Kotak Mahindra Bank's attrition surged to about 50%, with smaller peer Yes Bank in toe at 43%.

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