One of the tools which is gaining importance in today’s scenario is performance management across all sectors as it helps in increasing competitiveness and business. The aim of this study is to find out whether cooperative banks are implementing the performance management practices and if they are followed then what is its impact on the financial performance of the cooperative banks. Urban Cooperative Banks (UCB) in Sangli district has been taken as the sample for the study. It can be concluded that banks in Sangli district are following lots of Human Resource Practice as a part of Performance Management Practices (PMP). Some of these PMP are having significant impact on the financial performance of the banks. Study shows that more structured and modern approach of Performance Management has to be followed and concepts like CLV, MBO and BSC needs to be incorporated to measure performance of the employee in the Performance Management Process of these banks.
Volume 11 | 07-Special Issue
Pages: 270-277