Public Sector Banks and Retention of Employees

"Public Sector Banks and Retention of Employees" is a specialized book that addresses the challenges and strategies of employee retention in Indian public banks. In light of the recent liberalized reforms in the Indian banking sector, which have intensified competition from private and foreign banks, the book examines the effects on employee loyalty and motivation. The analysis reveals that leaders in public sector organizations often lack the necessary qualities and commitment to earn their employees' loyalty. The book proposes innovative approaches, such as adapting to a village banking system, to better utilize existing employees instead of resorting to downsizing through voluntary retirement schemes. Additionally, it emphasizes the need for a thorough examination of human resource management policies, particularly at the State Bank of Hyderabad, to modernize outdated practices and enhance performance.