Employees Training and Development in Banking Sector

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1.Introduction Of Employee Training & HR Development You are a DIY person and you want to find out everything about starting and operating a business. There are so many resources out there and you are overwhelmed by the amount of information you need to absorb. Besides, which sources are reliable? After you swim through a sea of “useful” tips, how do you put them into action? The quality of employees and their development through training and education are major factors in determining long-term profitability of a small business. If you hire and keep good employees, it is good policy to invest in the development of their skills, so they can increase their productivity. Training often is considered for new…show more content…
In terms of section 42 (6) of reserve bank of India act, 1934 the required amount is only rs.5 lacs. However presently to start a commercial bank the RBI prescribes a minimum capital of rs.100 crore and its business must be managed in a manner which in the opinion of reserve bank of India ,is not detrimental to the interests of its depositors. The scheduled banks are also required to maintain with the reserve bank of India in deposit in the form of cash reserve ratio, based on its demand and time liabilities at the prescribed rate. The scheduled banks enjoy certain privileges. An Account with a scheduled bank carries a greater assurance of safety and prestige value than an account with a non-scheduled bank. It is entitled to receive refinance facility as applicable. It may also have currency chest facility. In times of urgency it may obtain finance from reserve bank of India to help it tied over temporary financial difficulties. Furthermore, the settlement of accounts between scheduled banks is facilitated by the use of the bank is clearing houses procedure. On the other hand, scheduled banks have to submit several returns to the Reserve bank of India and are obliged to comply with the directions received from Reserve Bank. Some of these returns have to be submitted each week usually on Friday. The affairs of scheduled banks are closely watched and largely controlled by the
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