Page 44 - Banking Finance February 2021

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facilitator notes are also prepared for e- learning which model of system training design or instructional
preparation team. training design the learning and development vertical
adopts. Capacity building and capacity development both
Evaluation: are the ultimate goals of learning and development and
both should be viewed not only at individual employee level
The evaluation phase is ongoing throughout the entire
but also at an institutional level.
training design process. The underlying purpose is to ensure
that all learning goals will meet the specified business needs.
At the individual level, capacity building goals of training
The evaluation can be formative or summative. A formative
refers to the process of changing attitudes and behaviors of
evaluation is assessment of program when the training
employees as well as imparting knowledge and developing
program is under progress.
skills of the workforce.
A Summative evaluation implies assessment of training At the institutional level capacity development focuses on
program at the end of the training program i.e. annually or
the overall organizational performance and functioning
any specified duration. Hence summative assessment is
capabilities, as well as the ability of an organization to adapt
done after implementation and reviewed with business
to change. To achieve both the individual and institutional
vertical to design training for next year /duration.
training goals, training design has to be scientific approach.
Ultimately learning and training both are continuous and
Conclusion evolve with intersection with organizational overall mission

It is a matter of great concern for the organization as to and external environment. R

Low usage of Jan Dhan Accounts
RBI has expressed concern at the low usage of PM Jan Dhan Yojana accounts and the lack of growth in the average
balance.
According to the RBI report on 'Trend and progress of banking in India', in six years of its implementation, the number
of accounts opened under Jan Dhan Yojana reached 41.4 crore, with Rs 1.3 lakh crore of deposits as on December 2,
2020. Of these accounts, nearly two-thirds are operational in rural and semi-urban areas. As of September 2020,
more than 60% of Jan Dhan accounts were with public sector banks.
RBI's report shows that average balances in Jan Dhan accounts have increased only marginally over the years and is
still below Rs 3,500. This is despite government transfers to these accounts, including the Rs 1,500 into every woman's
account during the lockdown.

RBI devises index to track digital payments

RBI has constructed a composite digital payments index (DPI) to capture the extent of digitization of payments services
in India, the central bank said.
The RBI-DPI comprises five broad parameters, which measure the penetration of digital payments in the country over
different time periods. These parameters, include payment enablers (weightage of 25%), payment infrastructure-
demand-side factors (10%), payment infrastructure -supply-side factors (15%), payment performance (45%) and
consumer centricity (5%). Besides, each parameter has sub-parameters, which in turn, consist of various measurable
indicators.
"The RBI-DPI has been constructed with March 2018 as the base period, and DPI score for March 2018 is set at 100.
The DPI for March 2019 and March 2020 work out to 153.47 and 207.84, respectively, indicating appreciable growth,"
the central bank said, adding that going forward, RBI-DPI shall be published on its website every six months from
March 2021 with a lag of four months.

44 | 2021 | FEBRUARY | BANKING FINANCE