Development of human resources

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.

To enhance employee capabilities, performance, and organisational effectiveness.

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.

Knowledge, skills, and abilities of employees that add economic value.

Training is a short-term, job-specific activity aimed at improving performance in the current role, while development is a long-term process focused on preparing employees for future responsibilities and broader organisational needs.

Development programmes focused on long-term career growth and role readiness.

An IDP is a structured document jointly prepared by an employee and their manager that outlines specific learning goals, skill gaps, and action steps to support the employee's career growth and organisational contribution.

HR links individual performance targets to the bank's overall business objectives.