Vol. 3, Issue 4, Part L (2017)

Abstract
Banking sector is one of the vital financial pillars of Indian economy. The liberalization policy has affected the competitiveness of banks due to the global pressures resulting into combination of Human Resource Management with business policies. The survey by Boston Consulting Group (BCG) and Indian Bank’s Association (IBA) report that the Indian banking industry will face two upcoming challenges that is an economically viable solution for financial inclusion and human resources framework in next one decade. While the first challenge demands unusual innovation and experimentation, the second threatens to cripple the ability of the largest segment of the banking industry from being able to innovate and stay competitive. The unique complexities of the public sector make conventional HR solutions ineffective. This paper aims to provide an insight to such innovations, related to training and policies of Human Resource Management. HR areas will benefit the banks to become more competitive.