News: Young officers to lead public sector banks

Leadership

Young officers to lead public sector banks

The Finance Ministry wants relatively younger officers to be at the helm of public sector banks. The latest guidelines on public sector bank promotions, issued by the Ministry, provide for a bright and ambitious officer to head a bank by the time he is in his mid-to-late-40s if he proves himself to be an ‘all-rounder'. As things stand now, by the time an officer is elevated as the chief of a public sector bank, he is either in his mid- or late-50s.

The Finance Ministry wants relatively younger officers to be at the helm of public sector banks. The latest guidelines on public sector bank promotions, issued by the Ministry, provide for a bright and ambitious officer to head a bank by the time he is in his mid-to-late-40s if he proves himself to be an ‘all-rounder'. As things stand now, by the time an officer is elevated as the chief of a public sector bank, he is either in his mid- or late-50s.

What the Ministry is envisaging is that an exceptionally bright probationary officer, joining a public sector bank at 22, can become a general manager at 40 if he gets promotion once in three years under the ‘merit channel' and go on to head a bank at 45.

However, the climb-up in the organisation ladder — from Scale I (officer) to Scale VII (general manager) — is not going to be easy. It calls for some tenacity on the part of an officer. He has to have worked across the country; done rural and semi-urban stints at an early stage in his career; have experience as a branch head; have headed or worked in regional, zonal, or head offices and handled various business verticals at higher levels.

Source: The Hindu Business Line 

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Topics: Leadership, #Updates

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