A STUDY THAT SHEDS LIGHT ON SUCCESS PLANNING IN THE INDIAN BANKING CONTEXT, WITH PARTICULAR REFERENCE TO A FEW PUBLIC SECTOR BANKS

Abstract

By ensuring a steady and continuous supply of critical talent for the various managing levels in the company, effective succession planning is one of the best methods to create enduring benefits.  Finding the right people and preparing them for the next role at all levels of management in the company are important aspects of modern succession planning, which goes beyond simply identifying standby personnel for top-level executive positions.  As a result, the researcher has made an effort to understand and develop an intuition regarding succession planning in the Indian banking industry.  The goal of the current study is to investigate the post-merger scenario and the current succession plan in a few public sector banks (PSBs), including State Bank of India, Punjab National Bank, Bank of Baroda, and Canara Bank in the Karnataka district of Udupi.  Based on their overall business and market share in India, the top four PSBs were chosen for this study.  For this research study, 400 employees in total were chosen as respondents.  The article is entirely based on original sources of information.  Descriptive statistics and the ANOVA tool were used to analyze the primary data that was gathered in accordance with the clearly stated particular objectives.