News: 'Bankers should focus on human resources'

#Updates

'Bankers should focus on human resources'

Referring to the huge intake of youngsters in the industry (in recent years) on the one hand, and the large number of voluntary retirements on the other, former Union Bank CMD M.V. Nair said that the Indian banking industry is at the crossroads where human resources is concerned, Hindu Business Line reported. “While this can be converted into a great opportunity, it can affect the base as well if banks fail to plan properly,” he added.

Referring to the huge intake of youngsters in the industry (in recent years) on the one hand, and the large number of voluntary retirements on the other, former Union Bank CMD M.V. Nair said that the Indian banking industry is at the crossroads where human resources is concerned, Hindu Business Line reported. “While this can be converted into a great opportunity, it can affect the base as well if banks fail to plan properly,” he added.

According to the report, he admitted that most bankers at the helm did not focus much on human resources till recently. “This is affecting the banks now, especially with regard to leadership,” he said. Traditionally, a banker rises to become a general manager only at 55-57 years, he pointed out, adding that the ideal age is 43-45, the report said.

Read the complete HBL report here

Topics: #Updates, #ExpertViews, #TalentConversation, #National, Leadership, Skilling

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