Aiding the transition would be another fortuitous transformation in human resources area. Public sector banks which account for nearly three fourths of the one million people working in Indian banks face the prospect of retirement of nearly 55 per cent of their people in the next decade.
Thus, if ever there was a time for right sizing the organisation, hire the right talent, the right skilling of the workforce and bring about a cultural transformation, the time is now. We are, therefore, on the cusp of a defining decade in banking history. What are the key drivers that would propel the Indian banking sector into the next orbit?