Project: Implementation of the Apprentices Act, 1961, across all DB India entities. The project went live in June 2024.
Act Compliance and Implementation:
- Conducted a detailed study of Apprentices Act, 1961 in the context of its applicability to the banking sector
- Identified key bank areas for apprentice deployment: technology, credit risk, operations, and risk mgmt.
- Drafted docs. related to contractual arrangement between apprentice & organization ensuring compliance
- Designed process flow of the implementation plan to comply. Liaised with internal HR stakeholders & leadership
Vendor Analysis:
- Finalized INR 2.5-3Mn value contract. Screened, evaluated & identified vendors to support compliance
Cohort Selection & Benchmarking:
- Proposed cohort of 450 target apprentices. Analysed risks of tagging 200+ pipeline candidates as apprentices
- Gathered industry insights across 7 peer banks & NBFCs to understand their active processes for compliance