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Development of human resources
What is Human Resource Development (HRD) in the context of banking?
HRD is a continuous process of developing competencies, skills, and attitudes of employees to enable them to perform their current and future roles effectively. In banking, it encompasses training, career planning, performance management, and organisational development.
What is the primary objective of Human Resource Development (HRD) in banking?
To enhance employee capabilities, performance, and organisational effectiveness.
Which government initiative formally introduced HRD as a distinct function in Indian banks?
The Rangarajan Committee recommendations and subsequent RBI guidelines encouraged banks to establish dedicated HRD departments, making HRD a formal organisational function in Indian banking from the 1980s onwards.
What does the term 'human capital' refer to in the context of banking HRD?
Knowledge, skills, and abilities of employees that add economic value.
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