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3) Joint Stock Banks: In 1884, the concept of limited
liability was introduced into banking, allowing banks
to be founded as joint stock companies. In due time,
this aided in the formation of financial institutions.
4) Imperial Bank of India: In order to compete with
international banks, the three Presidency Banks were
merged in 1921, resulting in the establishment of a
formidable Imperial Bank of India with a network of
branches across the country.
5) The establishment of the Reserve Bank of India:
Despite the fact that the banking industry was
booming, there were a slew of bank failures owing to
a lack of oversight and the inability to provide timely
help. As a result, the general public developed a
negative attitude toward financial institutions.
6) Nationalization of the RBI and the Banking
Regulation Act: In 1949, these two significant
milestones were taken forward. The Reserve Bank of
India (RBI) was granted extensive regulatory and
control powers immediately after independence, and
by putting those authorities to good use, the RBI was
successful in establishing confidence in Indian
banking.
7) Banks were nationalized in 1969 and 1980,
respectively. A further substantial stride forward was
made in 1969 with the nationalization of 14 large
Indian commercial banks. The next year, six
additional banks were nationalized. The
nationalization of banks resulted in a significant shift
in the policies, attitudes, processes, functions, and
geographic reach of financial institutions.
3 REVIEW OF LITERATURE
Afsar, Lee, Luu et al., Tuan, (2020) was focused
and analyzed on servant leaders whose primary
objective is to ensure that all people under their
stewardship have the best possible opportunity to
grow, thrive, prosper, and reach their full potential, as
well as the efficient and effective approaches used by
servant leaders to accomplish their origination goals.
Arain and colleagues, Frémeaux and Pavageau,
Giambatista and colleagues (2020)
According to
defined, Servant leaders are expected to think
carefully on and examine their own value systems in
order to discover areas where they may develop as
leaders in order to guide their followers along a
successful path while working in the proper manner.
In addition, He described the essential characteristics
of leadership demonstrated by the Prophet, including
courage, integrity, practical wisdom, moral authority,
humility, leading by example, sharing and enduring
hardship, doing things at the right time in the right
way, innovation, and trustworthiness, among other
characteristics.
Smith, Montagno, &Kuzmenko (2004) The authors
say that "servant leadership emphasizes a leader's
care for the well-being of his or her followers, which
is shown via attentive, non-judgmental listening and
a readiness to learn from others. Servant leadership is
distinguished by its ability to foster a "spiritual
generative culture," while transformational
leadership results in an "empowered dynamic
culture."
Wuryani et al. (2021) The author provided a critical
evaluation of evaluating employee performance using
a decision-supported system, with one of the factors
addressed being motivation as a predictor of
employee success. Conclusion: According to the
authors, situational leadership-supported decision
support systems do not considerably enhance
employee performance and only marginally improve
employee performance.
Atatsi et al. (2019) conducted a thorough
examination of the literature on employee
performance in various nations, with a special
emphasis on Africa, which has a distinct cultural
background. It demonstrates the existence of a
favorable correlation between employee behaviours
and performance, as well as variety across
interdisciplinary domains with cultural and
contextual value.
Sharma et al. (2016)
The employee's performance in
the workplace the interventions resulted in significant
changes in banking sectors, and they were effectively
used to drive financial inclusion by reaching out to
people and connecting them with banking systems
through the use of e-commerce technologies, which
have been shown to significantly improve employee
performance in the banking system.
4 OBJECTIVES OF THE STUDY
1. To study and understand the factors effecting
Servant leadership.
2. To adjudicate the impact of Employee
Empowerment on Employee Performance.
3. To analyses the mediating role of Employee
Empowerment on Employee Performance
over Servant Leadership Style.
PAMIR 2023 - The First Pamir Transboundary Conference for Sustainable Societies- | PAMIR
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