Management

                                     Regional Rural Banks– Some Reflections                              The landscape of Regional Rural Banks (RRBs) has undergone transformation in their history of forty five plus years, which were first established in 1975 as joint venture of the Government of India, State Governments and Sponsor Banks. These banks were primarily meant for serving the unbanked semi-urban, rural, tribal and hilly areas of the country with focus on agriculture lending. This was the phase of green revolution and Indian agriculture was becoming capital intensive due to use of high yielding variety seeds, chemical fertilizers and farm mechanization. These bank flourished in their first phase of thirty years expanding the branch and bank network having network of 14,527 branches and 196 Banks in 2004. This rapid expansion led to increased establishment costs by way of increased employee strength and increase in salaries due to pay parity with public sector banks. The vit

    Work – Life Balance, Step 7- Support U.S. Department of Health and Human Services (HHS.gov) has beautifully explained the complexities of the work-life balance as, “One of the biggest challenges facing employees today is balancing personal and work responsibilities. Finding ways to manage childcare, elder care, retirement planning, and more on top of other pressing obligations is not always easy”. This has given the realisation to the corporate world that every employee has a life outside the organisation, which is of equal importance if not more. Therefore organizations are increasingly participating in work-life support oriented programmes for their employees for creating enabling working environment. An article, “The Surprising Benefits of Work/Life Support” published in Harvard Business Review (September-October 2022), has aptly correlated that corporate programmes supporting work-life balance promote productivity, reduce turnover and improve mental and physical health of t