Most
new age private sector banks are remarkably flexible in hiring the right talent
while also ensuring that compensation and retention policies are attractive. In
addition Private Sector Banks are also nimble footed with respect to making
decisions regarding early identification of stress followed by its
resolution/recovery thereafter. This has worked in their favor so far both with
human resource challenge and asset quality concerns (post the recent Asset
Quality Review by the RBI) having a disproportionately larger impact on the
public sector banks them in consolidating their position hereon.Governance
reforms like setting up of Bank Board Bureau splitting up CMDs post into a
non-executive Chairman and a CEO and recommendation for a longer tenure for CEO
(5 years) are expected to help improve efficiency in the longer run. competition wizard magazine
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