Page 36 - Banking Finance June 2024

ARTICLE

Indian banks is a continuous journey. Banks need to embrace Conclusion
changes across its hierarchies and adopt technological
The issue of stress in Indian Banks is a complex one, but it's a
advancements with larger emphasis on employees' well-
challenge that can be overcome. By prioritizing employee well-
being. Few of the initiatives which banks shall adopt are being, implementing comprehensive solutions, and fostering a
discussed here. culture of shared responsibility, banks can create a more
1. Data-Driven Decision Making: Regular employee productive, engaged, and resilient workforce. A well-balanced
surveys shall be conducted and engagement metrics and healthy work environment empowers employees to thrive,
shall be drawn to identify areas for improvement. fosters innovation, and ultimately leads to a successful and
Analyzing these data will help to refine well-being sustainable banking sector. The framework discussed shall be
initiatives. a starting point to navigate stress at workplace and to create
a more well-being-focused work environment.
2. Innovation and Continuous Improvement: New
approaches and best practices in promoting well-being
shall be explored constantly. It will help to adapt and References
refine existing programs based on evolving needs and 1. Dr. Sanjukta Mishra, (2023), A Study on Stress among
Employees in Banking Industry
employee feedback.
2. MoneyControl, (March 11,2023), Mounting pressure: To
3. Investing in Leadership Development: Leadership meet targets, some PSBs call employees to work on
training shall be provided on building well-being-focused holidays, weekends
teams, managing stress, and fostering a culture of open 3. S. Ganesh Kumar & N. Deivanai Sundaram, (2022),
communication. Prevalence of stress level among Bank employees in
urban Puducherry, India
4. Celebrating Success Stories: Positive examples of
4. Fazlul Karim, (2017), Work Stress among Employees of
employees who successfully manage stress and maintain State Bank of India: A Study of Karimganj District, Assam
work-life balance can be shared across the 5. Dr. Sunita Bishnoi & Dr. Gurjeet Kaur, (2017), Workplace
communication channels. This can motivate others and Stressors in Private Sector Banks: A Study of Women
reinforce the importance of well-being. Executives.

Equity MF inflows fall 16% in April; small cap and debt schemes
back in demand

The inflows in equity mutual funds dropped by approximately 16% in April, shows data released by Amfi. The inflows
in April stood at Rs 18,917.09 crore as against Rs 22,633.15 crore in March. In a new feat, the monthly SIP data has
crossed the Rs 20,000 crore mark for the first time and reached Rs 20,371 crore, according to ET Now. The SIP
contribution in March was recorded at Rs 19,271 crore.
The small cap funds again managed to receive inflows after an outflow of Rs 94.17 crore last month. Among the
equity categories, all except for ELSS and focused funds saw inflows in April. The sectoral/thematic funds have con-
tinued to receive highest inflows for months. In April, this category garnered inflows of Rs 5,166.05 crore as against
Rs 7,917.72 crore in March. The multicap funds stood second on the inflow chart and received Rs 2,723.87 crore
funds. Large & mid cap funds received inflows of Rs 2,638.91 crore. Focused fund and ELSS funds witnessed an out-
flow of Rs 328.04 crore and Rs 144.04 crore, respectively in April.
NBFCs asked to strengthen governance
The Reserve Bank of India’s (RBI) deputy governor Swaminathan J. on May 15 urged non-banking finance companies
(NBFCs) to maintain constant vigil against potential risks and vulnerabilities in the financial system and boost gover-
nance functions. “NBFCs to bolster governance and assurance functions and maintain constant vigil against potential
risks and vulnerabilities,” Swaminathan told NBFCs during the conference organised by the RBI on May 15. The RBI
on May 15 conducted a conference in Mumbai for the Heads of Assurance Functions (i.e., Chief Compliance Officers,
Chief Risk Officers and Heads of Internal Audit) of select NBFCs.

32 | 2024 | JUNE | BANKING FINANCE