FM Sitharaman urges regional rural banks to reduce high attrition rates

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FM Sitharaman urges regional rural banks to reduce high attrition rates - Business Standard

Quick Summary:

The Court has since rejected a special leave petition filed by the government in 2012 and instructed that a uniform pension scheme be implemented across all RRBs, in line with the scheme available in nationalised banks as per the 1993 bipartite settlement.

This situation drives them to seek other opportunities,” said Mohit Choudhary, general secretary of Prathama UP Gramin Bank Officers Association.

However, the number of branches saw a minor increase from 21,892 in FY22 to 21,995 in FY23.“One of the major reasons employees leave RRBs is that they find better opportunities in major scheduled commercial banks.