INVC,,
Mumbai,,
Punjab National Bank declared winner of Golden Peacock Award for imparting Training. In a ceremony at Mumbai Hon’ble Governor of Maharashtra presented the award to PNB which was received by Smt Sushma Bali, GM, PNB.
PNB, being in a service industry, constantly endeavours to improve its service delivery to its customers through specific emphasis on training to its staff. Towards this objective, Knowledge, Skill & Attitude (KSA) of the staff are updated / enhanced in different focus areas of Banking viz. General Banking, Credit, Foreign Exchange, Risk Management, Information & Technology, Human Resource Management, Marketing, Customer Service, Attitudinal Changes, Financial Inclusion etc.
Last year, the Bank imparted training to 44517 employees, which measures to 1.28 Lac Man-days of training on a yearly basis. This year also Bank is expected to train the same number of employees.
Bank has already launched ‘Gyan–Uday’, the e-Learning module to impart virtual interactive training to its staff on a 24 X 7 basis.
Bank has also set up an autonomous Institute named PNB IIT at Lucknow to conduct advanced IT courses and special training programmes on CBS for our Bank as well as for other Financial Institutions.
In addition, Bank has also been nominating its officials to different Outside Institutes and Business Schools of repute, both in India & abroad, for giving exposure in different emerging areas of Global Banking dynamics.
Golden Peacock Award Controversy
The prestige of Golden Peacock Awards is questionable, given the quantities they are given away in each year. From 1995 to 2010 at least 710 Golden Peacock Awards have been given in 13 categories. In 2010, 79 awards were given – this data is sourced from the website: http://www.goldenpeacockawards.com Fees to apply for these awards range around Rs.39,500. The income from the Golden Peacock Awards is significant, especially with many awards created for many winners, and for many paying applicants. It seems that the Golden Peacock Awards are designed to bring in a large income to the organisers, opposed to recognising and promoting outstanding achievement.