The Reserve Bank of India (RBI) is scrutinizing the reasons behind the increasing attrition among private sector banks, RBI Governor Shaktikanta Das said on Tuesday. This is as part of the regulatory oversight efforts, the governor said while speaking at the annual BFSI Insight Summit organized by Business Standard.

Mr. Das advised banks to constitute a core team to address the issue, as it is revealed that some major banks have reported attrition rates over 30 percent. According to Das, the career outlook of young people has changed, and the youth is “thinking differently.” This scenario has resulted in constant job switching.

The growth momentum in the country remains intact, and the second quarter GDP growth will amaze everyone on the upside. India is better positioned amid geopolitical issues that are still posing challenges to global growth, Mr. Das added.