6 ‘B’s of building HR competences in banks

Six ‘B’s are the pillars of building HR (human resource) competence in banks, according to a banker.

A.K. Vinod, Deputy General Manager of Corporation Bank, said this while delivering the BL Club lecture on ‘Banking sector in India: Future outlook and career prospects’ to MBA students of Department of Business Administration of Mangalore University here on Friday. Syndicate Bank sponsored the Business Line Club lecture.

He said six ‘B’s are buying, building, borrowing, bounding, bouncing and binding.

Explaining them, he said ‘buying’ can be termed as sourcing the right manpower for the banking industry. ‘Building’ is a process of training and developing the manpower.

He said the third pillar – ‘borrowing’ – is aimed at bringing in specialist resource persons from outside. While ‘bounding’ helps provide the right environment to the manpower, ‘bouncing’ weeds out the non-performers. The last pillar – ‘binding’ – is nothing but retaining the talent in the organisation, he said.

Vinod said that one of the biggest challenges for banks will be to attract good quality talent and retain them. There is a generation gap in banks and talent induction is unsustainable.

Stating that the next decade bodes well for the banks in the country, he highlighted the major trends that are going to define the decade.

K. Puttanna, faculty at the Department of Business Administration of Mangalore University, was present on the occasion.

>vinayak.aj@thehindu.co.in

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