The credit boom and robust economic growth are propelling India's banks to branch out into new areas and industries. However, a disturbing side effect of the pressure for businesses to produce is, one of the worst turnover rates for bankers in the world.

Thousands of Indian bankers are quitting

"This is not a technical problem and we have seen from the last 3-4 years, connecting payments system - there are many technologies that can solve it, that's not an issue. There is business interoperability, semantic interoperability and technical interoperability - technical and semantic we can solve but business interoperability is an issue," said Sopnendu Mohanty, Chief Fintech Officer, Monetary Authority of Singapore.

Global Technology Summit: Bankers, experts talk about problem with cross-border payment systems

Bank workers observe second nation-wide strike within week

Banks in the US and Britain have paid billions for their handling of subprime mortage loans but no senior execs from there have gone to jail

Ireland jails three top bankers over 2008 banking meltdown

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