Attrition is seen to be high at some private sector banks and the Reserve Bank of India (RBI) is watching the issue ‘closely’, its Governor Shaktikanta Das said on Tuesday.

The RBI is looking at the issue as part of the regulatory supervision efforts, Das said while speaking at the annual BFSI Insight Summit organised by Business Standard.

The RBI Governor’s remarks have come at a time when some major banks have reported attrition rates of over 30%. 

Das said every bank has to build a core team to take care of such issues. He also said that the career outlook of youngsters has changed with regard to job switching and added that the youth is “thinking differently” on the aspect now, news agency PTI reported.

According to Das, the growth momentum in the economy continues to be strong, and that the GDP number for the second quarter will surprise everyone on the upside.

He said that geopolitical uncertainty is the biggest risk to global growth but was quick to add that India is better placed to deal with any potentially risky situation.