Dear Friends, There is no relation between NPA and salary revision. Banks chiefs are govt representatives and so they want more dividend. Banks business and profit had grown manifold, so it wrong on our part to see in efficiency, NPA come along with the Business. As risk can not be mitigated 100% so is the NPA. Govt Banks employees are inducing its bloods in there day to day business. They dont care for family but care for Bank/branch. Major NPA in Banking sector or reduction in profitability is due to change in govt policy, RBI policy of provisioning, Recession in Industry, and recklessly funding by Banks due to policy of govt who started comparing private bank profitability and business with PSU Bank. If govt or RBI want to change fate of PSU Banks they have to change its structure, I mean business models, many Banks 40-50% employees are in back office or controlling offices and corporate office, ZO and then RO. Just think in this era of IT when Corporate Offices are connected to branches why you need three to four controlling offices. You remove at least two controlling offices, put them in Branches or operations and then see the profits or Business of PSU BANKS Who will change this policy employees, no, can not then how they are responsible and if they are not responsible why there salary has been brought to such a level that they are not able to take care of family, there Children are not is good school, to survive there spouse or family has started alternate source of income, because after V and VI pay commission inflation has increased manifold but not the salary of Bank Employees. Credit Assessment Quality of officials has been influenced by senior officials as well as Red Tapism so now is drastic shortage of people with Credit knowledge. People are also not willing to work in credit area because of its inherent risk of Accountability. This type of Accountability is not in any govt dept but they draw hefty salary and who are accountable who draw beggars salary. All private sector employees draw much better salary than salary of govt Banks employees. This is the reason now Banking Industry has lost its charm and not able to attract talent from market, because they go for lucrative market. So again who is responsible for this situation, this is high time for Bank Management, RBI and Govt to decide fate of Banks and Bank employees else condition will further deteriorated from where it will be impossible to revival. Earlier Banks union or Association is used to rectify some of errors by continue persuasion and follow up but now a days union and associations has also totally people of without fighting spirit and not caring of its industry is and its people. They could not change as time has changed. Growth is in economy is proportional to growth in Banking and people associated with it. If govt or RBI thinks Industries will grow without growth of Banking and Bankers it is there lack of knowledge and carelessness. We request all concern to constitute a high power committee of Bankers along with RBI and Industry experts so that an early rectification and turn around of Banking, Bankers and so the Economy.
Posted on: Sat, 29 Nov 2014 12:26:20 +0000
Trending Topics
Recently Viewed Topics
© 2015