Objectives of the project:
1. To study the functions of the subsystem of HRD i.e. training and development.
2. To study the existing policies of the Bank with regard to “Training and Development” of their employees.
The research design is Exploratory, where in the in-depth study of the training and development policies of PNB has been done. The objective of exploratory research is to explore or search through a situation to provide insights and understanding.
1) Secondary data analysis includes studying the website (www.Pnbindia.in) of PNB and also going through the various articles, magazines, journals and books on Training and Development.
2) Expert interviews- Personal interviews were held with the Manager of Reserve Bank of India and Personnel Manager of PNB to gain knowledge about the Training and Development policies and process.
Sources of Data Collection
Secondary data collected with the help of books available in the library and various other published materials such as manuals and research papers have been used. These are as follows:
1. Yin, R. K. (1994). Case Study research: Design and Methods. London: Sage Publications.
2. K Aswathappa Tata McGraw-Hill Education, 2005, p. 194
3. Malhotra Naresh K. Pearson Education India,2010, p. 133
4. Khan APH Publishing, 2010, Research methodology, p. 12
5. Buame, S. K. (2006). Research Methods: A practical Guide for Students’
6. Kothari,C. R.,Methods and Techniques,New Delhi, New Age International Publications, 2004, p.35
THE BANKING INDUSTRY
The banking industry is the backbone of any monetized economy. The stage of development of this industry is a good reflection of the development of the economy.
The Banking Industry plays an important role in the economic development of the country and is the most dominant segment of the financial sector. Banks encourage economic growth by allocating savings to investments that have potential to yield higher returns. They perform their basic role of accepting deposits and lending funds from these deposits. Banks securely save the money of depositors, provide interest to them, and lend the funds raised from depositors to consumers. They are in a wide range of sizes, from large Global Banks to Regional and Community Banks. We can study the structure of an organized banking industry by taking an example of Indian banking industry:
The banking industry in a country can be affected by various factors. Some of these factors are:
1. Economic factors: The financial ups and downs affect the banking industry. As the economy grows, the banking industry also flourishes.
2. Technological factors: The change and growth of technology make a difference in prevailing banking functions. Technology has developed over the years and this has encouraged the bankers to change the concept of “Branch Banking” to “Anywhere Banking”. Information Technology has become a significant factor in taking the Banking...