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1.75 lakh retiring from public sector banks
Kochi: Within the coming one or two years as many as 1.75 lakh employees will retire from various public sector banks in India. There are around seven lakh people working in the total public sector banks in India. With the retirement of one by fourth of the total population, it is feared that it will grossly affect the day to day activities of banks. In 2008 21,500, and in 2009 28,000 were retired. Current year 28,000 are going to retire from the service. Those who joined duty on 1970 are now retiring. Though many were appointed in the banks, that will never become half of the population of who are retiring. The centre has asked public sector banks how this shortage can be solved and also asked them to make the present employees capable of coming to the front seat. In its letter to the banks including State Bank of India, Punjab National Bank, Bank of Baroda, Bank of India and Canara Bank, the union financial ministry has asked to provide training to assistant managers to make thenm take up leadership post. The ministry also asked to make an action plan to solve the issue. Apart form retirement many employees sought for voluntary retirement, are causing problems.
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Kochi: Within the coming one or two years as many as 1.75 lakh employees will retire from various public sector banks in India. There are around seven lakh people working in the total public sector banks in India. With the retirement of one by fourth of the total population, it is feared that it will grossly affect the day to day activities of banks. In 2008 21,500, and in 2009 28,000 were retired. Current year 28,000 are going to retire from the service. Those who joined duty on 1970 are now retiring. Though many were appointed in the banks, that will never become half of the population of who are retiring. The centre has asked public sector banks how this shortage can be solved and also asked them to make the present employees capable of coming to the front seat. In its letter to the banks including State Bank of India, Punjab National Bank, Bank of Baroda, Bank of India and Canara Bank, the union financial ministry has asked to provide training to assistant managers to make thenm take up leadership post. The ministry also asked to make an action plan to solve the issue. Apart form retirement many employees sought for voluntary retirement, are causing problems.
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