2023, Vol. 5, Issue 6, Part A

There are many studies, especially from an Indian perspective, that examine the various components of human resource management in the banking industry. In the following overview, we will attempt to dissect these fragmented efforts in academia. For many years, the banking industry has been leading the study of the importance of human resource management as a factor in the success of management and organization. At one time, management experts and academics were curious about the correlation between HRM activities and bank productivity; today, HRM strategies are more often seen as dependent rather than independent factors. As one of the most visible parts of the financial system, banks are important to the economic and social development of any country. Human resources roles serve an important purpose in an organization and are closely related to employee performance. HR policies in the private sector are significantly more progressive than their public sector banking counterparts. Developments in the services sector are expected to pose new challenges to HR activities in the Indian banking sector as new entrants enter the market. Human capital management in Indian banks must be fully integrated with the strategy of banking organizations if they are to achieve long-term success and growth.