A Study on current HR practices and policies adopted by commercial Banks in India

In current business era of highly fluctuating business environment banks are facing challenge like satisfaction of customers and managing human resource. The success of banks depends on effective utilization of human resource and adoption of proper HR practices and policies in the organization. The present study is made to understand the current HR practices and policies adopted by Indian commercial banks between private and public banks using secondary data. In this study it is observed that Indian Commercial Banks are rushing to implement the talent ideas, but most of the banks are facing the challenges like adoption of new technology skill building intellectual capital formation, emerging compulsion of new prudential norms and bench marking. It is shown that HRM policies in the banks are very important to motivate employee and retain employee. The most HRM practices adopted by its banks are good recruitment and relation process good compensation policy, good training and development policies, career development plans, talent management programme and performance management. Bank has emerged as knowledge based industry giving placements to workforce. Human Resource Management is always been to prominent resource in the organizations nowadays. This is happening because human resource policies directly influence the satisfaction or dissatisfaction of customers’ needs by and large the major differences in the areas of recruitment, training and development andperformance.