📝 One-liners · 66 cards
STAFFING
What is the primary objective of staffing in a bank?
The primary objective of staffing is to ensure the right person is placed in the right job at the right time, enabling the bank to achieve its operational and strategic goals efficiently.
What is 'workforce diversity' and why is it valued in banking organizations?
Diversity means varied backgrounds; improves decision-making and customer service.
Which regulatory body prescribes norms for appointment of directors in public sector banks in India?
The Reserve Bank of India (RBI) and the Ministry of Finance jointly prescribe norms for appointment of directors in public sector banks, in accordance with the Banking Companies (Acquisition and Transfer of Undertakings) Act.
What is the concept of 'talent management' in the banking sector?
Attracting, developing, and retaining high-potential employees for key roles.
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