The Hindu Business Line : Bank employees' demands

One is surprised that the Indian Banks Association (IBA) has given in to the unions' demand that the transfers of employees be within 100 km. All along, the IBA was lamenting that some banks have diluted earlier accords on transfers. The tragedy is that now it has let down those banks that could implement some kind of transfers.

With this, the overstaffed PSBs cannot transfer people from heavily surplus metros to semi-urban and rural centres where the penetration of private banks is low and volume of transactions is higher.

As it is a vast majority of PSB staff are indifferent, callous and discourteous to customers. Succumbing to this demand of theirs will embolden them further as wages keep increasing regardless of profitability or productivity.

There is no point in realising later that poor productivity and staff indifference will contribute in no small measure to PSBs' eventual downfall.

Will the Finance Minister, Mr P. Chidambaram, do something before it is too late?

Ramakant Bhide

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