Changing Role Human Resource Management: With Special Reference to Indian Banking Industry

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.