Indian banks are in a much stronger position compared to those in China and Japan and much stronger than most American banks, said Corporation Bank Chairman and Managing Director B Sambamurthy.

Delivering the TA Pai Endowment Lecture on ‘Management of Human Resources in Banking’ organised by the Mangalore University Department of Economics at Mangalagangothri on Wednesday, he said that the growth in the banking system has doubled in the last three years. “In this time, banking sector in India has changed from a seller’s market to a buyer’s market,” he added.

Speaking on the development in HR Management, Mr Sambamurthy said that technology, deregulation and competition has revolutionised HR scene. The advent of technology has created surplus manpower in some sectors, at the same time a huge demand for skilled man power in some other sector. Deregulation has bestowed the bank with a lot of responsibilities that were earlier shouldered single handedly by the Reserve Bank. Competition has opened a need for skilled marketing officers, Mr Sambamurthy added.

Maintaining that recruitment, training and development and compensation as the major challenges of an HR manager, he said that HR will be successful if it is aligned to business management or IT programmes. Speaking of the latest trends, he said that now, everyone necessarily need to be an employee and that partnership is working better. He also said that bargaining and personal branding are becoming popular.

Delivering the presidential address, Mangalore University Vice Chancellor Prof K M Kaveriappa said that a country with resourceful youth can be considered the richest country and warned that India’s population below 25 years, if not made resourceful will be a menace. He added that efforts will be made in the 11th five year plan to raise the percentage of enrolment to higher education in the country from 7 to atleast 15.  Registrar of the University Dr K Sundar Naik, Faculty member of department of economics Prof G V Joshi, Udayavani Managing Editor Satish Pai, TAPMI Director Nadabrahmam and others were present on the occasion.