Review Paper- STUDY ON TRANING AND DEVELOPMENT IN BANKING SECTOR

With the advancement of information technology, the globe has become a global village, and it is bringing upheaval to every industry, including banking. Banks began to emerge with technology and information technology-based products and services. Customers nowadays are extremely demanding, and the only way to properly meet their needs is to employ innovative technology. Liberalization, globalization, and privatization have given the banking business additional features in this highly competitive market. As a result, banks must provide ongoing training to their staff, not simply at the entry level. Training and development programs have a significant impact on bank employee’s knowledge enhancement, skill development, and work enrichment, which reduces attrition, increases job retention, and is advantageous for employee value addition. All of these elements work together to help banks enhance their market share and productivity. KEYWORDS Skill Development, Workshops, On Job Training, Career Development Professional Growth, Mentor, Learning