The Union Government will consider bringing the employees of the gramin banks under the pension scheme, according to Mr Mullappally Ramachandran, Minister of State for Home.

Inaugurating the State conference of the South Malabar Gramin Bank here, the Minister said that the Government was waiting for a study report from the National Bank for Agriculture and Rural Development (Nabard) on the feasibility of implementing a pension scheme for the gramin bank employees. The Government would decide on the scheme after getting the report.

The Minister said that the Union Government was also considering a scheme of merging the various gramin banks in the country for more efficient functioning and ensuring operational autonomy. In Kerala, the North and South Malabar gramin banks would merge under the plan.

Along with the merger of the banks, the employees working there on contract basis also would be confirmed. In this context, the Minister urged the managements of the rural banks to compassionately look into the matter without waiting for a formal intimation from the Government.

The Minister also referred to the unjust practices making entry into the banking sector and noted that some of the new generation banks in the country were even resorting to entrusting criminal gangs to carry out recovery actions among the hapless segment of the customers. At the same time, the managements of these banks were lenient to corporate houses and other financial giants and wrote off their arrears.

Mr Ramachandran also said that some of the top officers of the banks had been blamed for misusing the banks' financial resources and the Government was currently going ahead with an inquiry to trace those people who misused their offices and retired safely from their positions.

(This article was published on January 9, 2012)
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