There are more important things in life than a little money and one of them is a lot of money – Anonymous
If you owe your bank a hundred pounds, you have a problem. But if you owe a million, it has – John Maynard Keynes
One of the most eccentric parts of our lives is money and it is what forms the core part of banking. The first bank in India was established in 1786. Since then, the banking sector has seen a plethora of changes since its nationalization in 1969. In the past three decades, India’s banking system has earned several outstanding achievements to its credit. The most striking is its extensive reach. Banking is no longer confined to the metropolises or cities in India. The Indian banking system has now reached even to the remote corners of the country. Banking hence, is one of the major contributors to India’s GDP. Banking today has become convenient and instant, with the account holder not having to wait for hours at the bank counter for getting a draft or for withdrawing money from his account.
The May, 2013 issue of Samvad brings to you the various nuances of the Banking sector in India in one hot plate. Read about the various reforms of the Banking Sector in India, Financial Inclusion, competencies required in the Banking Industry, working of the RBI and the future of the Banking Industry in an exclusive interview with Mr Prodosh Ganguly, Assistant General Manager in the Department of Banking Operations and Development of the Reserve Bank of India. Learn about the analysis of Mr. Chidambaram’s proposition to start an “All Women Bank” in India in the featured article in the issue. Human Resource forms an integral part of any industry. However, Human Resource Management in Banking is an area which needs transformation. Explore the options in the article on HR Reforms in Banking. One of the common misconceptions is that Banking is related only to finance. On the other hand, one must be aware of the significance of Operations in Banking. Get enlightened on the role of Operations in Banking and the various options one can explore career wise. Get an insight into the marketing angle of Banking and what kind of a platform India could be. Get wisdom on the dawn of a new era that came with licensing of new banks.
Click here to access the May 2013 issue of Samvad, themed as “Banking”.
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