Recruitment and Selection in Public Sector Banks
1. INTRODUCTION
Since the origin of the Banking Sector in India, it has seen remarkable changes and to keep on with the rhythm of progress, it has successfully adopted the changes as well. India, also being accounted for the country having one of the highest populations in the world, there has always been a never-declining crave for funds to carry on their livelihood. Thus the onset of Banking Industry proved to be a boon for all the Indians.’
Banks are considered the backbone of a country’s economy. Its more true for a developing country like India. Indian Banking system is very strong. In the global financial turmoil that happened sometime ago, our country was least affected because of soundness of Indian Banking and Financial system. In fact many countries of the world are trying to learn lessons from our disciplined system of Banking.
Banks in India are not only strong but are also growing fast. According to studies. Banking sector is one of the fastest growing sectors in the country. This growth has brought many opportunities.
People got easy access to funds in order to fulfill their dreams and desires. From that time onwards, as the needs of the human grew, desire for more money also grew accordingly. Thus there was a need felt for more and more fund-raising institutions. As a consequence of such demand for funds, a number of Banks took their birth.
The period after 1970’s saw rapid expansion of the banks in India under the control of the Government. It was the direct impact of the nationalization of the banking sector. This enabled each and every individual to steal the opportunity to have easy access to funds. This banking sector not only proved to be a source of funds but also new avenues of employment. It became a source of earning bread and butter for many people. In the mid 1990’s, the liberalization of the economy led to the emergence of the private players in the existing scenario. This provided much better and easier accessibility of funds
Since the origin of the Banking Sector in India, it has seen remarkable changes and to keep on with the rhythm of progress, it has successfully adopted the changes as well. India, also being accounted for the country having one of the highest populations in the world, there has always been a never-declining crave for funds to carry on their livelihood. Thus the onset of Banking Industry proved to be a boon for all the Indians.’
Banks are considered the backbone of a country’s economy. Its more true for a developing country like India. Indian Banking system is very strong. In the global financial turmoil that happened sometime ago, our country was least affected because of soundness of Indian Banking and Financial system. In fact many countries of the world are trying to learn lessons from our disciplined system of Banking.
Banks in India are not only strong but are also growing fast. According to studies. Banking sector is one of the fastest growing sectors in the country. This growth has brought many opportunities.
People got easy access to funds in order to fulfill their dreams and desires. From that time onwards, as the needs of the human grew, desire for more money also grew accordingly. Thus there was a need felt for more and more fund-raising institutions. As a consequence of such demand for funds, a number of Banks took their birth.
The period after 1970’s saw rapid expansion of the banks in India under the control of the Government. It was the direct impact of the nationalization of the banking sector. This enabled each and every individual to steal the opportunity to have easy access to funds. This banking sector not only proved to be a source of funds but also new avenues of employment. It became a source of earning bread and butter for many people. In the mid 1990’s, the liberalization of the economy led to the emergence of the private players in the existing scenario. This provided much better and easier accessibility of funds