Tag: PSU Bank

Bank unions oppose this revised salary structure saying it is impossible to accurately evaluate performance in the banking sector.

Between, April 2017 and March 2018, some 18,973 employees had retired. At the same time, the Bank also hired 3,211 employees. 

Though public-sector banks had an operating profit in the last two fiscals, they faced a net loss due to bad loans.

The bank may issue shares in tranches to employees and will complete the transactions in this financial year. 

SBI wants its staff to wear formal wear to work and and has therefore, barred them from sporting slippers, shorts, jeans and t-shirts.

Structural changes have been suggested by the government to improve the performance of PSBs.

The government wants to ensure that the children of staffs serving in lower categories of PSUs and other institutions can avail the benefit of OBC category reservations, which will be at par with the children of staffs serving in lower categories of the Government.

The restructuring will save the bank Rs 1160 cr. every year

This system will ensure that attendance is accurately recorded in the HRMS.

Govt to put in capital against this condition, to relieve public-sector banks of their NPA burden.

The state-owned bank is hoping to put a new hiring as well as appraisal policy in place.