This document discusses human resource (HR) issues and challenges in the Indian banking sector. It notes that HR management in banking is gaining importance and facing rapid transformation. The banking sector faces challenges around new opportunities in consumer and commercial banking, governance/regulation, and adopting technologies like e-banking. Specific HR challenges include managing human resources risks, empowering and motivating employees, improving efficiency, clarifying job descriptions and assignments, reducing employee turnover, and implementing rewards/incentives programs. Banking leaders observe that the industry must align IT strategies with HR strategies as banking business models change due to technology and customer behavior shifts. The conclusion states that reforms in the Indian banking industry represent a significant and revolutionary transformation process.