* Dr. R. D. Deshmukh', Anand T Deshpande®

ABSTRACT

The human resources can be motivated to do the Job in spite of having low morale. Similarly, the term morale and job satisfaction are not inter chargeable. Job satisfaction is the result of various favourable attitudes the individual holds towards his Job, towards related factors, and towards life in general. Morale is the composite expression of the attitude of the various individuals employed by the bank which is ultimately reflected through the generalized feeling of the individual employed both as an individual as well as the member of his work group. Keywords:- banking sector reforms. globalization, liberalization, privatization.