siliconindia | | March 20209counted for 15 percent excess in the last couple of years. Also as and when there are industry developments or new technology to use or otherwise they need to provide ad-ditional training to their employees as per the changing trends. It has been observed through various reports that corporate banking, treasury, finance, technology, human resources, retail banking require staff that has a particu-lar kind of an aptitude and specialists which increasingly match the evolving business context. The different organ-isations organize different and specialized trainings for their employees from time to time to upgrade their skills and knowledge in the field and help them performance which will eventually benefit the organisation in achiev-ing its long term goals. Increasing the reach of Banks and financial institu-tions to rural and semi-rural areas has brought about 74 percent penetration level in making them accessible and ensuring organized system in the country and encourag-ing micro finance as the major thrust area. Mergers and acquisitions have helped banking system to carve out its strong niche in the country. Also the growth of exports and imports in the country also primarily depend on it. The ability to adopt to technology has been the greatest boon of this sector which has made life easier for both its employees and customers and also keeping abreast with the latest technology in the field making the entire sys-tem more or less automated and error free which requires skilled workforce to accomplish this task. The new trend of outsourcing banking activities like telecalling for loans and others has also shown a large number of job opportunities in the field which again requires qualified and efficient professionals who know their subject well.In India, there are selected few and certified institutes that provide this kind of specialized and analytical train-ing which directly help the young graduates learn en-hanced skills for a particular job and the challenges that come with it. The country needs to give more impetus to development of such skill imparting institutes which will eventually help in the growth of the sector and also cre-ate an efficient and skilled workforce which the country currently needs.The financial services sector contributes to 11.5 per-cent of India's GDP and employs a significant number of people. It has a well- established industrial relations setup. The growth in the number of jobs is sure set to im-prove in the coming years inspite of the temporary slump the economy must be facing currently but this will grad-ually pave way for more skilled workforce in the sector. This sector has proven that it is so far one of the more versatile segment as it has been able to tap into new mar-kets. Without a doubt in recent times skill development and its importance has become important not only for various industry segments but also for the country as it requires that kind of workforce to be globally competent and improve business. The ability to adopt to technology has been the greatest boon of the BFSI sector, which has made life easier for both its employees and customersSantosh Joshi, CEO
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