Why Skill Upgradation is the Need of the Hour in Indian Banking Sector

Abstract

What ails the banking sector in India? Can technological upgradation and training help the system? Is there a difference between the public and private banking systems? A decade back, banks were making money by providing other value added services such as brokerage, commission by selling mutual funds, shares, bonds since they had the competitive advantage of the availability of the data. In fact, many public sector banks have larger number customer accounts even today, when compared to the private banks.

Keywords: Banking, Public Sector Banks, Private Sector Banks