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HRM IN INDIAN BANKS
What does HRM stand for in the context of Indian banking?
HRM stands for Human Resource Management, which refers to the strategic approach to managing people in an organisation to achieve competitive advantage, particularly important in Indian banks for workforce planning, development, and retention.
What is the primary objective of Human Resource Management in Indian banks?
To attract, develop, and retain skilled banking professionals effectively.
Which committee first recommended a structured HRM framework for Indian public sector banks?
The Padmanabhan Committee and subsequently the Ghosh Committee recommended structured HRM frameworks, emphasising the need for professional HR practices in public sector banks to improve efficiency and service quality.
What is the meaning of 'organisational restructuring' in the context of Indian bank HRM?
Redesigning bank structure to improve efficiency and reduce redundancy.
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