Training and Development in India

TRAINING INITIATIVES AT PUNJAB NATIONAL BANK Submitted To: Dr. Debashish Sen Gupta Area Chairperson Human Resource Alliance Business School Submitted By: Aakanksha Agnihotri Registration No: 08PG143 Punjab National Bank Profile Since its humble beginning in 1895 with the distinction of being the first Indian bank to have been started with Indian capital, PNB has achieved significant growth in business which at the end of March 2009 amounted to Rs 3,64,463 crore. Today, with assets of more than Rs 2,46,900 crore, PNB is ranked as the 3rd largest bank in the country (after SBI and ICICI Bank) and has the 2nd largest network of branches (4668 including 238 extension counters and 3 overseas offices). With over 38 million satisfied customers and 4668 offices, PNB has continued to retain its leadership position among the nationalized banks. Training is a key to enhancement of productivity and therefore, a critical component of an organization’s strategy, HR practices and business development process. Its importance has increased due to fast changes in technology, work processes, gaps in formal education vis-à-vis actual job requirements. It is thus integral to organizational life and quest for efficiency and competitiveness. Training Objectives a) To contribute towards enrichment of knowledge, skill development and positive attitudinal orientation at all levels keeping in line with corporate requirements and business plans relating to overall vision of the bank. b) To develop specialized cadres in various areas like Credit, Foreign Exchange, IT, Treasury, Risk Management etc. c) To prepare the employees for future by ensuring training and development inputs which are futuristic. Training areas The training system in the bank shall address the task of skill up-gradation of employees in the following areas:  Functional Skills -, Credit appraisal & NPA Management, Asset Liability Management, Credit Risk Management, Risk Based Internal Audit, Foreign Exchange, Treasury

References: Interview and information given by: V.K.Bhan Chief Manager(Faculty) PUNJAB NATIONAL BANK Regional Staff College (Tel: [phone] Fax: [phone]) ( [e-mail] )