Human Resource Development: Policies And Practices In Private Sector Banks In Gujarat

The banking sector has been an instrument for the economic development of any nation and its role in a developing country like ours is of vital importance. The banking activities worldwide are undergoing rapid diversification. Technological changes have become the very essence of the banking sector and the Indian banking sector is also prone to these changes. In order to maintain their status in the competitive environment, banks have to concentrate in developing their human resources. In any organization, the quality and amount of productivity mainly depends on the skill and interest of its employees. Therefore, every business organization should take the lead for upgrading the skills and knowledge of its employees for the mutual benefit and progress. In this direction “Human Resource Development (HRD)” is an essential process for every organization in order, to optimally utilize its human resource and in turn to attain its designed objectives. Like any other industrial organization, banking sector is also highly dependent on the quality of HRD practices for the motivation of its employees. An effective implementation of HRD activities would result in excellent organizational climate for the people to be competent and productive. Nevertheless, it is not only the implementation of HRD practices but also their review from time to time helps the banking institutions maintain their status in the competitive environment. Key Words: HRD, Policy, Practice, Banking Policy