Training and development in banks: A critical review

The banking sector is the major component of the financial system of an economy. The process of financial development in India has hinged effectively on the development of banking system. The Indian banking industry is continuously going through a process of transformation since nineties, due to the introduction of Liberalization, Privatization and Globalization (LPG), Information and Communication Technology (ICT). The present paper is descriptive in nature falls under the category of general review for understanding the conceptual framework of training and development, its needs, objectives, and various benefits. The present paper explained some suggestions to enhance training and development strategies, and to cope up with the existing challenges in the wake of severe competition in the training and development. The findings of the study suggest that training and development is inevitable and unavoidable in any sector.