Good News: PSBs to Post Women Close to Family! Employees of public sector banks (PSBs) have much to cheer, with the Govt announcing a series of feel-good steps. Women separated from their families will now get a preferential treatment in transfers, and next of kin of the employees who die in service will be provided employment on compassionate grounds. The government has also proposed a board-approved employee home loan scheme as part of wage negotiations. The freedom to structure a favourable home loan scheme for employees will help banks deploy surplus funds and provide a boost to housing. The preferential transfers will come as a relief to thousands of women bank employees, but could create some operational upheaval in the short term. In a circular to all banks, the Deptt/o Financial Services has asked them to place/transfer woman employees to places where their husbands are stationed or nearby as far as possible. Similarly, unmarried women employees should be posted close to their parents. Compassionate employment for children or spouses of employees who die in service was discontinued after 2004-05. The M/o Finance has reintroduction compassionate appointment in PSBs in line with the Cental Govt scheme from August 5. Ex-gratia payment in lieu of such appointments has been discontinued. During recruitment, it’s made clear that the bank job is transferable and that recruts will be transferred wherever their services are required. Most candidates accept the initial posting to get the job. But once they’re confirmed, they put in their request for transfers. Some bankers say the new policy may compel them to review their hiring which is currently based on merit. The domicile of those qualifying in competitive exams does not often match the location of the vacancies.
Posted on: Mon, 25 Aug 2014 09:43:51 +0000