The Impact of Spirituality Management on New Private Sector Banks in India: A Review
Keywords:
Spirituality management, workplace spirituality, private sector banks, organizational effectiveness, employee well-being.Abstract
This paper examines the growing intersection of spirituality management and organizational effectiveness in new private sector banks in India. Through a comprehensive review of existing literature, this research investigates how dimensions of workplace spirituality including meaningful work, sense of community, and alignment with organizational values influence both employee outcomes and organizational performance. The findings reveal that spirituality management practices positively impact employee job satisfaction, organizational commitment, stress management, and ethical decision-making, which in turn enhance customer service quality and organizational performance. However, implementation challenges exist, including measurement difficulties and contextual variations. The paper concludes that spirituality management represents a valuable yet underutilized approach for new private sector banks in India, offering recommendations for practitioners and suggesting directions for future research that addresses current knowledge gaps.
