HR: The Life Line Of Indian Banking Sector

Introduction The Human Resource has always served as a backbone of the Indian Banking system. The various aspects of Human Resource management flow as a blood to keep up the proper functioning of the Indian Banking sector alive. Banking sector plays a key in the development of Indian economy.

- Paritosh Kumar

The Indian banking sector deals in providing services to its customers and employees at different hierarchy in order to facilitate them with the maximum level of satisfaction which is directly based on the human resources where firstly the needs of the customers and employees are identified and provided with services required. The Indian Banking industry has witnessed rapid changes during past two decades in relation to Human resource. So, we can state that the role of Human Resource management has penetrated its roots deep into the ever changing environment of the banking system, giving it a drastic change to cope up with its ultimate goal of being the best in the market and providing employees satisfaction. Banking sector is one of the vital financial pillars of Indian economy, so in order to keep the pillar upright a sound foundation of human resource management is needed.

In India, banks play a strategic role in attracting deposits from the people and in deploying these funds for lubricating various sectors of the economy. Over the years there has been tremendous growth in the various parameters which could be only possible with the sound functioning of the Human Resource department of the banking sector.