Training and Development Scenario in Public and Private Sector Banks

Over the last few years, India's economy has been on a high growth trajectory creating unprecedented opportunities for its banking sector. Most banks have enjoyed high growth and their valuations have appreciated significantly during this period. To maintain this growth, proper training and development of the employees is required in order to meet up with the growing demands of the customers and the market. With change in the economic scenario of India, change in the level of training and development has also been observed. In the present study the changes and challenges in the training and development process of the employees of public and private sector banks is been reviewed. With the help of studies conducted in this field it is concluded that private sector banks are more conscious about the level of training provided to their employees and the rate of the development of their banks to meet up with the latest standards as compared to the public sector banks. Implications and limitations of the study are stated.