Banking services in India are now going through a phase of improvement since the liberalization of Indian economy. Competencies are the knowledge, skills, and abilities that influence one’s job. Employees awareness are needed to perform various functional tasks at all levels. The scope of employees’ competency includes different aspects like knowledge, skill, attitude, ability, talent, power, etc. The empirical analysis provided a clear understanding on the selected bank employees’ awareness towards their competencies required in the banking sector in order to retain their job. The research methodology of the study is both exploratory and descriptive research in nature. The current study is focused on the scheduled commercial banks functioning in Coimbatore district. Acquiring awareness and retaining talent is the most critical challenge facing the banking industry, especially for the both Indian Public Sector and Private Sector banks. Strengthening the employees’ awareness of competency in the banking sector is the only possible solution by which the banks can determine its future growth prospects. The author also emphasis that the bank management must aim for building awareness about the job to their employees and recognizes the potential talent among their recruits.