Ms. Renu Challu, Managing Director, State Bank of Hyderabad in an interview given to Businessline has said that Public Sector Banks should focus on leadership skills.
“The expectations of public sector banks are very high. Hence the leadership in banking needs to be a little different. One needs to be self-motivated and should be able to identify the right people for the right tasks,'' says Renu Challu.
“Leadership development is not easy in banks as there are regulatory issues, operational assignments and credit assessments. While foreign and private banks have different verticals, managers in public sector banks do not enjoy this luxury,'' she says.
As PSBs have been on a hiring spree in recent years, inducting about 40,000 officers and clerks every year, a special focus on improving leadership skills is required, feels Challu.
“In a bank, the staff at all levels needs to connect with the outside world. This should be practised by those in leadership roles, so that their example can be emulated by their team members,'' she suggests.
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