"The middle management ranks of public sector banks are being thinned by retirements. In addition, they need experts in specific areas like project evaluation and risk management. All public sector entities across the world tend to pay more than the private sector to lower level employees, and less than the private sector to higher level employees," Reserve Bank of India Governor Raghuram Rajan said. "This makes it hard to attract top talent, but makes it easier to attract good people at lower levels," he added.  The Reserve Bank of India (RBI) and the government should reduce the differences in regulatory treatment between public sector banks and private sector banks over the medium term, central bank governor Raghuram Rajan said on Tuesday. “Authorities should ensure their actions are institution, ownership, and technology neutral so as to ensure that the most efficient customer-oriented solutions emerge through competition,” he said speaking at a banking conclave organised by the Federation of Indian Chambers of Commerce and Industry (Ficci) and Indian Banks’ Association (IBA).  “Some of the differences between public sector banks and private banks can be mitigated if the government pays an adequate price for mandates,” Rajan said.