Published On: Tue, May 5th, 2015

No shortage of senior managers in public sector banks: Govt

New Delhi: There is no shortage of senior ranked managers in public sector banks, Minister of State for Finance Jayant Sinha said in Rajya Sabha today.

Minister of State for Finance Jayant Sinha

Minister of State for Finance Jayant Sinha

“…There is no shortage of senior ranked managers in public sector banks. As of now, the banks are sufficiently staffed both at senior level as well as lower level,” he said.

Replying to questions, the Minister said about 25,000 to 30,000 persons are selected each year for officers’ posts in banks. The hiring for clerical posts is also in the same range.

About 15 lakh candidate appear in examination for officer level posts each year.

There are 27 public sector banks in the country.

Government has granted managerial autonomy to banks in the matters related to human resource, including recuritment as per their requirements, Sinha said.

He also said the government has separated post of Chairman and Managing Director in PSBs and there was “willingness” to bring people even from outside at top most positions in PSBs.

On delay in selection on these posts, Sinha said the process was on, but also added that “haste makes waste”.

Vacancies for the position of non-executive chairman have arisen following the government decision to bifurcate the post of Chairman and Managing Director at PSU banks last year. There are eight vacancies for this slot, including at Punjab National Bank, Bank of Baroda and Canara Bank.

In December, the government had appointed Managing Director and CEO in four state-owned banks.

PTI

About the Author