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High employee attrition of 25 pc in private banks pose operational risk: RBI Report

New Delhi, Dec 29 (PTI) Employee attrition in private sector banks has witnessed an increase to about 25 per cent and this high turnover rate poses significant operational risk, according to the latest Report on Trend and Progress of Banking in India 2023-24. Employee attrition rates are high across select private sector banks and small finance banks (SFBs), the report, which was released by the Reserve Bank of India (RBI) said. The total number of employees of private banks surpassed that of public sector banks (PSBs) during 2023-24, but their attrition has increased sharply over the last three years, with

Close aides holding Nitish captive, calling shots: Tejashwi Yadav

Patna, Dec 28 (PTI) RJD leader Tejashwi Yadav on Saturday claimed that Bihar Chief Minister Nitish Kumar was no longer able to function normally and has become “captive” to a handful of close aides. Yadav, who had served as Kumar’s deputy until the JD(U) supremo’s abrupt return to the BJP-led NDA, made the remark in response to queries from journalists here about speculations of yet another volte face by the septuagenarian leader. “All these rumours have no substance. Nitish Kumar is no longer in his senses. He is unable to run Bihar,” he said. “Kumar is not taking decisions on

Epitome of courtesy, an obedient patient: Medics remember Manmohan Singh

New Delhi, Dec 28 (PTI) “Dr Manmohan Singh, soon after becoming the prime minister, had himself carried a small table for us to have tea comfortably at his Safdarjung Lane residence instead of asking his house help,” Dr Srinath Reddy, who was the chairperson of the PM’s medical panel, recalled. This was just days before Dr Singh moved to the 7 Race Course Road, the PM’s official residence, which was then being readied, said Dr Reddy, as he remembered the erudite yet remarkably humble man who shepherded India into an era of economic liberalisation. Dr Singh, who was the prime

India’s former PM Manmohan Singh cremated with state honours

NEW DELHI, Dec 28 (Reuters) – The body of Manmohan Singh, the former Indian prime minister whose death has spark outpourings of grief at home and accolades from abroad, was cremated on Sunday on the banks of the Yamuna River in New Delhi with full state honours. The funeral was conducted in the Sikh tradition as priests chanted hymns, after Singh’s body, draped in the Indian flag, was carried through the capital on a flower-decked carriage pulled by a ceremonial army truck. The flag was removed and the body covered with a saffron cloth before it was placed on the

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