The All-India Nationalised Banks’ Officers’ Federation (AINBOF) has opined that officials of public sector banks (other than State Bank of India) have been given a raw deal in the recommendation of the Banks Board Bureau (BBB) for elevation to the post of Managing Director (MD) and Chief Executive Officer (CEO) in public sector banks.
In a letter to the Finance Minister, GV Manimaran, General Secretary of the federation, said BBB had recommended that 14 persons be appointed as MDs and CEOs in public sector banks. Of the 14 recommended to be appointed as MDs and CEOs of nationalised banks, nine are from SBI group, giving a representation of 64 per cent to SBI group personnel. Of the nine names, six are Deputy Managing Directors of SBI.
Stating that the recommendations also defy logic as the performance of the nationalised banks and their top officials had been given a complete go-by. He said nationalised banks command more than two-thirds of the business, with a staggering ₹85 lakh-crore compared to SBI group at ₹41 lakh crore.
“This skewed representation in favour of SBI is bound to dent the morale of the officers in the nationalised banks as 70 per cent of the officers are from nationalised banks only,” he said.
The personnel recruited to nationalised banks also go through the same rigour as is applicable in SBI. The big loan accounts, which are non-performing assets (NPAs) in nationalised banks, are also NPAs in SBI, and in many of the accounts SBI is the leader of consortium finance accounts, he said.
“That being the case, it needs to be examined why the nationalised banks’ executives are being discriminated against by the government agencies concerned,” Manimaran said.