Published Paper Details:

In the competitive environment, employees of any organization are the key factor for the success of the firm. In the sectors like health, education, media, insurance banking etc. human resource plays a prime role in successful delivery of the services. Most of the service sector insists on absorbing human resource with specific qualification, required skill set and basic hands on training. However, Cooperative banks in India do not have this privilege due to their existing structure and function. These banks in India are in existence over a century. They are progressively becoming intricate business mechanism, requiring all the tools and techniques of modern management for their success but one of the constraints in their development is the lack of trained manpower to manage affairs on efficient business lines. Recruiting, training, retaining the existing work force and promoting a culture of continuous learning are few challenges for cooperative banks even today. Since, Human Resources Development (HRD) is a key factor defining the characteristics of a successful banking institution; cooperatives also need to develop their ordinary members, the members of the Board and most importantly their employees. Therefore, in the present research paper an attempt is made to signify the need of HRD and to identify the contemporary challenges in implementing the HRD practices in cooperative banks.