Innovative HR Practices in Banking Industry - An Indian Scenario

Abstract

Banking Industry is one of the imperative financial supports of Indian financial system. Due to globalization and the liberal policies of Government, the pressure had built up on Indian Banks to formulate innovative HR practices to survive in the competition. Also the expectations of the employees have risenfrom the banks and also to retain good employees and enhance their efficiency it becameindispensable to implement the innovative HR practices in the banks. This paper aims to provide an intuition to such innovations, related to Human Resource Management with the help of different perspectivesin Indian banks both from public and private sector. Literature review is done for better understanding of the concept.