HRD and Banks
10 Pages Posted: 14 Dec 2013 Last revised: 20 Feb 2014
Date Written: December 13, 2013
Today’s increasing complex and volatile business environment characterized by globalization, liberalization and the transnational invasion ensures that managing would not be the same again. As we are in 21st century competitiveness in global market place presents the ultimate challenge to policy makers, business leaders and entrepreneur’s in any industry, including banking. The need for HRD is all the more great in service-oriented institutions like banks.
An efficient, effective and disciplined banking system helps the process of economic development as per the national priorities. It functions as catalytic agent for bringing about economical, industrial, and agriculture growth and prosperity of the country. This paper mainly concentrates on challenges faced by banks in present scenario and also mentions the different HR practices along with some suggestions and recommendations.
Keywords: Banks, HRD, economical, industrial, globalization, liberalization
JEL Classification: M12, M54
Suggested Citation: Suggested Citation