With no regrets about quitting, he’s followed the adage of ‘People don’t quit bad companies, they leave bad bosses’. IDBI Bank divestment: Strong optics and no hidden surprises lure potential buyers
Pushkar (name changed) is clear that HDFC Bank offers “access to data and products” like no other, but also says if he had stayed on at KMB he would have acquired a similar salary package once he hit a particular grade and slab level. Kotak Mahindra Bank-like most other lending institutions in India-has been seeing steadily improving profit ratios, a stronger balance sheet and years of a focussed leadership and processes. His decision to quit might seem odd to some it was almost decoupled from the bank he was leaving.
The attractiveness of a slightly elevated job profile and a 30 percent hike in salary led him to quit his four-year-old employment as an RM at Kotak Mahindra Bank to join the larger HDFC Bank in 2019, where he currently works. Controlling the attrition rate and retaining the skilled workforce often counts as one of the biggest challenges bankers face in India, particularly post the pandemic, where young employees-millennials and applicable Gen Z-believe that professions and jobs need to be flexible.įour years ago, Anil Pushkar, at 35, did what most relationship managers (RM) in banking would do.
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