DISCIPLINARY ACTION IN BANKS & PSUs (incl Government Employees)

Globalisation and Liberalisation coupled with rapid revolutionary development in Information Technology has changed the face of traditional working culture, pan India. The new environment resulting from an era of financial sector reforms has brought about immense competition between the banks and a constant quest to deal with ever increasing challenges. Banks being backbone of the country’s economy and a major constituent of the service sector industry, managing the everyday challenges and to stay abreast of the competition has become an uphill task. In today’s competitive world, banks are faced with a constant pressure to not only increase profitability but also grow their brand value to exceed shareholder’s expectations. An exceptional customer service coupled with optimised and efficient operations go a long way to ensure these objectives are met. This can happen only when Government approvals are expeditiously cleared by various Government Departments then only the impact of liberalisation, especially in banking & financial sector can be seen in various Government Schemes to bring about the change in the lives of Indian masses.