Economic growth of an emerging economy and developing country critically depends on the health and spread of banking industry. Banks being companies are run by their respective boards. As major decisions, including strategic business decisions, are taken by these boards, it is imperative that the boards are well constituted so as to reflect the various stakeholders and the business that they support. While the central bank and monetary authority is charged with the responsibility of ensuring a healthy banking system, it’s the board members of these banks which set the goal posts and ensu
Signature verification and counterfeit currency detection are day to day events in banks. And fresh hand will have fewer ideas to mitigate such risk. Also the first step to minimize risk is properly handled document with best knowledge of customers. This program is basically to generate ideas to know the customer properly and handling their cheques and cash in proper way.
Human Capital is undoubtedly an important factor to drive the economy of any country. Countries have achieved remarkable growth with right investment in Human Capital. Fulfilling the demand for talents and building a robust leadership framework has been a major challenge for any industry.
With changing landscape of banking and financial industry, it has become imperative for the industry to develop agile leaders , workforce and develop culture who can handle change and achieve organization goal.
Globally, new measures are being introduced to combat Anti- money laundering (AML) and financing of terrorism. The risk posed under non-compliance of AML/CFT has been challenging for banking and financial institution to maintain, as it has been increasingly complex with advent of new trends and issue related to trade-based money laundering , modern payment products and AML risk management.
The present age of business is extremely competitive and the only tool for survival is adaptability which comes through constant change. Vested deeply in leadership styles, culture and communication, successful change is vital and yet hard to describe. The role of human resource as an active partner, focusing on the company's vision and ensuring open communication channels is fundamental for change in the organization. Change in any organization may be a result of a combination of elements; social, cultural, economic and/or environmental.