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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 Banks turnover rate rose to 34%, Axis Bank was at 35% and Kotak Mahindra Bank recorded a surge in at approximately 50% whilst Yes Banks attrition hit 43%. The attrition rate is caused by increasing pressure on frontline staff to fulfil the demand for loans.
Prashant Kumar Rituparna Chakraborty Amitabh Chaudhry Shanti Ekambaram Teamlease Chakraborty Teamlease Services

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%.
Amitabh Chaudhry Rituparna Chakraborty Prashant Kumar Shanti Ekambaram Teamlease Chakraborty Kotak Mahindra Bank

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