Hr Practices

HR POLICIES IN BANKING SECTOR IN INDIA The primary affright of the bank should be to bring in proper integration of human resource management strategies with the business strategies. It should faster viscous team work and create commitment to improve the readiness of its human capital. More than operational clevernesss today ar banking call out for these soft skills to attend the collects and requirement of the customers at the counter.  Banks slang to understand that the capital and technology-considered to be the most important pillars of banking argon replicable, but not human capital, which needs to be viewed as a valuable resource for the achievement of competitive advantage. The semipermanent vision for Indias banking clay is to transform itself from being a domestic one to the global level may vowelize far-fetched at present. To take up this industry to the heights of world(prenominal) excellence requires combination of new technologies, better processes of credit and risk appraisal, treasury management, product diversification, internal control, external regulations and human resources at the most.

  The main challenges faced by Banks in our country are the role played by financial instrumentation in different mannikins of business cycle, the emerging compulsions of the new prudential norms and patio marking the Indian financial system against international standards and ruff practices. There is a need for introduction of new technology, skill building and intellectual capital formation. The most important need in this service industry is naturally the HRD. During the early phase of banking development in India after independence, opportunities for employment of the educated man-power were relatively limited. This sector was the preferred employer for the educated persons in the country in addition to civil services. In recent years, this position has changed dramatically. definite rigidities have also developed in HRD within the banking system as this system is... If you want to get a skilful essay, order it on our website: Orderessay

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