Changing Role Human Resource Management(With Special Reference To Indian Banking Industry)

ABSTRACT :-
In globalization era the role of Banking in
India is tremendously increased since 2002.
In 1991 Government declared new Industrial
Policy according reformation is took place in
Indian Banking Sector.
In view of Indian Banking sector the role and
approach of workmen is directly co-relate with
the overall productivity and finally profitability of
Indian Banking Service Sector. The expectation
of Banking Customer have increased. New
generation Private Sector Banks and foreign
Banks have opened their branches have
increased their presence on the Indian Banking
Canvas. Naturally there is growth in the number
of employers in various Carrears. Adoption of
new technologies, greater use of Information
Technology has changed the composition of
the staff also. Since the globalization there
is cutthroat competition among the banks
and their profit margins are shrinking the old
traditional approach towards Human Resource
Management has to be changed to meet the
challenges of today. The problem before the
Human Resource Management is retaining the
competent staff. In this concept the authors
wanted to trace the changing Dimensions of
Human Resource Management in the Indian
Banking Industry. Almost in every aspect of
Human Resource Management there it may be
Recruitment, Negotiating Compensation training
Motivation in all those spheres the Human
Resource Management has to be innovative
and it should be an ongoing activity. The role of
trade union is gradually. Diminishing in the walk
of privatization. Therefore its confirmed that
Human Resource Management will be playing
a key role.
Introduction :-
Banking business is not newly known forIndia. In 16th century onwards Traditional
Banking in the hands of money lenders
indigenous banks etc. East India Company was
introduce the Monitory Banking system in India.
The growth of Banking Business traditionally
which can be described as under.