Page 32 - Banking Finance October 017

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to private banks and several factors are analysed that their Over decades whether government ever questioned various
profitability, return on assets their business mix and overall loss making or lagging behind PSUs or PSEs what exactly they
growth rate and banks top management can't afford to pay are catering and ever their pay analysed like ITI ltd, power
better. Its same like a gate keeper is employed and on distribution companies, even railway employees are paid
annual pay revision his pay is compared with sales man who bonus despite its pathetic performance and loss incurring
is generating sales for the company. but their pay and perks are timely revised like recently 7th
pay commission has revised their pay. Even financials of Air
India and its staff package over the decades has been never
Since last 3 year, Credit growth is decreasing in PSU banks
questioned by the Government.
and all time low resultantly NIM (Net Interest Margin) is
historic low because except Core Banking job i.e. accepting All should be paid as per their eligibility as a standard rule
deposits and disbursing credit to customer, banks are in society but who cares the double standard adopted by
engaged in Aadhar seeding, making PMJDY successful, the government against the bank employees. Here banks
canvassing APY (Atal Pension Yojna), PMFBY (Pradhanmantri union leaders blow their own trumpet before the staff, how
Fasal Bima yojna), even banks have become experiment they managed the negotiation with the committee which
centre and a launch pad to fulfill government's aspirations was not ready for hike. Over the year banks uni on have lost
no matter same is worthwhile for the banks or not. their identity and their effective role in the organization due
to employee's lack of confidence in them consequently their
Even country's biggest bank has asked govt to pay back Rs. lachrymose presence in the banking industry symbolize the
800 Cr. Cost towards demonitisation then think about role of opposition or better I say congress party currently.
minnows, (small PSU banks) why are they laggard and who
Government's initiative to revise bankers pay at par with
the culprit is? Government, regulator, bank's lackadaisical
central government employees is still awaited and should
top management.
not be compared to private sector banks who frame policies
for income generation not for achieving social objectives as
Unlike other PSU and PSE (Public Sector Enterprises), PSU
primary goal and same can be easily analysed through
banks scope of work are diversifying over the years and available database who are the top ten banks in terms of
focused more toward Social causes and same should never
Aadhar seeding, PMJDY a/c, APY and other government
be questioned because it's always promoter who decides
sponsored scheme.
where to foray and whom to cater but if personnel engaged
in the execution of said role are fulfilling the task and making Conclusion
government's launched scheme a mega event in a very short
Banks have been epicenter of economic growth because of
span of time, they should be treated at par unlike pawn on
their contribution for supplying credit to all verticals of
chess board, often used to make moves and die for king in
market and from consumer to manufacturers or suppliers,
case of check-mate.
upliftment of society by fulfilling its financial and banking
requirement and by transforming saving into capital or
investment. Our banking system has huge potential and
main pillar i.e. human resourses, bankers are not pawn and
is in utter need of nurturing, motivation because morale of
bankers is all time low, presence of candid leaders in top
managements instead of laggards is need of hour.

Government's initiative to streamline their package in the
line of pay revision of central government employees is
required. Instead of hunting for only wrongdoers among
banking fraternity, time has come to acknowledge the
contribution made by bankers in society and making
government sponsored scheme a mega event in a very short
span of time. T

BANKING FINANCE | OCTOBER | 2017 | 31

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