Khandelwal Committee Report on Hr Issues of PSBS - A Critical Analysis

In the next few years, most Banks will have leaders that are predominantly global. Finding new ways to innovate and taking new approaches to talent leaders, Banks realize that orchestrating the role of HR, they need high-quality managerial and executive talent to succeed in the new global markets. The Khandelwal Committee Report feels that HR has indeed become a new risk – possibly the biggest risk in the system, considering the new challenges and opportunities of new age banking. Certain Human Resource Management policies and sets of practices are called high performance to promote organizational effectiveness. In particular, in public sector banks there is a need to enhance professionalism in HR management to keep pace with the challenges in the emerging environment. A critical analysis would focus for preparing a prospective executive/manager or supervisor with an appropriate succession plan for leadership development and to monitor HR functions. This would facilitate engagement of the top management in implementing HR reforms and professionalize the HR function.