The Effect of Psycological Empowerment and Commitment of Bank Employees-An Empirical Study of SBI and ICICI Banks

The Employee Empowerment and commitment in banking sector has become a Buzzword in the recent management trends in both the public and private sector. Employee Empowerment has received wide recognition because it is a fundamental element of managerial and organizational effectiveness that increases when power and control are shared in an Organization. The astonishing development of the banking and financial services across the world has led to consider as one of the imperative contributor of the world gross domestic production. Unlike the developing nations, lots of people are employed in the banking Industry of developed countries. Today managing talent in the banking sector is the most crucial Human Resource Challenge all over the world, and it becomes as the main agenda of top management in every aspect in the predictable future. The ability to achieve competitive advantage through people strategy requires an overall HR approach. In the last two decades with rising Indian’s economy, a significant progress has taken place in Indian Banking sector. In spite of development and opportunities in this sector, it also faces various HR issues which admit key challenge for the Industry in India.