Issues, challenges faced by Indian banking discussed
LUDHIANA: A two-day Ugc-sponsored national seminar being organised by the PG department of commerce of Kamla Lohtia SD College began on Tuesday.
As many as 60 delegates from across the country participated on the first day. RK Sharma, department of public administration, Panjab University, was the chief guest and Chiranjeev Singh, associate professor, department of public administration, Panjab University, was the guest of honour.
Director BD Budhiraja said the seminar aimed at various challenges faced by the Indian banking sector due to It-dom-
Professional practices such as training and performance appraisal are missing in the working of public sector banks causing a dent in performance
SANJAY K AU S H I K University Business School, PU
inated globalised economic environment. AK Vashisht highlighted the various banking practices of pre reform and post reform periods. "Customers are major stake holders and banks have to be customer oriented," Vashisht said.
NK Ohja highlighted the dif- ference in banking in traditional and modern era, and said use of information technology had made banking convenient.
CL Chandan from Himachal Pradesh University spoke on liquidity, credit and marketing risks associated with banking system and suggested ways to manage risks.
Sanjay Kaushik from University Business School, Panjab University, highlighted issues related to human relations in banking. "Professional practices such as recruitment, training and performance appraisal are missing in the working of public sector banks causing a dent in performance," Kaushik said.