Organizational Stewardship Culture: A Glimpse into the Indian Banking Sector

Abstract

                The organizational Stewardship approach has thus far been applied to elucidate family enterprises-related outcomes; however, no study has been conducted to observe the validity of Organizational Stewardship in the Indian Banking sector. Thus, the rationale of the present article is to ascertain whether the culture of the Indian banking industry at the branch level, involving leading public and private sector banking institutions, fosters organizational stewardship values at the workplace while upholding the banks' fundamental values. The Organizational Stewardship Climate Scale was adopted and administered to obtain complete information from a total of 342 respondents. Data analyses were performed using SPSS version 20 and SPSS AMOS 26. The findings suggest that the branch-level employees consider the culture of their banking institutions to uphold stewardship values besides embodying the fundamental values. Furthermore, no statistically significant differences were found in the levels of stewardship across the public and private sector banks. The authors believe replicating the findings might realize the positive outcomes of a stewardship culture throughout the whole network and hierarchy of the banking sector.