Posts of General Managers/Deputy General Managers/Asstt. General Managers in Nationalized Banks – guidelines regarding

Posts of General Managers/Deputy General Managers/Asstt. General Managers in Nationalized Banks – guidelines regarding

F.No.2/19/2004-IR
Government of India
Ministry of Finance
Department of Financial Services

Jeevan Deep, Parliament Street,
New Delhi-110001.
Dated the June 14, 2013

To
CEOs of all Nationalized Banks

Subject : Posts of General Managers/Deputy General Managers/Asstt. General Managers in Nationalized Banks – guidelines regarding.

Sir,
In continuation of this Department’s letters No.2/19/2011-IR dated 23.12.2011 and 16.3.2012 on the subject cited above, I am directed to state that after careful consideration, the following parameters have been decided based on the business mix as on 31.3.2013 for determining the posts of GMs :-

(i) The number of GMs in Nationalized Banks will be as under:-

For the Banks with Business	Number of GMs
Up to Rs. 1,50,000 crores	Number of GMs is 12
Beyond Rs 1,50,000 crores and less than Rs 4,00,000 crores	One additional GM for every Rs 18,000 crores
Beyond Rs 4,00,000 crores	One additional GM for every Rs 24,000 crores

(ii) Accordingly, the number of GMs in respective Banks will be as under:

Name of the Bank	Business mix as on 31.03.2013 (Figures in Crores of Rupees)	No. of GMs now proposed
Punjab and Sind Bank	122485	12
Dena Bank	163664	13
Vijaya Bank	167531	13
United Bank of India	170359	13
Bank of Maharashtra	170734	13
Andhra Bank	223934	16
Indian Bank	249136	18
Corporation Bank	285359	20
UCO Bank	305000	21
OBC	306084	21
Allahabad Bank	309678	21
Syndicate Bank	334778	22
Indian Overseas Bank	366501	24
Central Bank of India	402271	26
Union Bank of India	475673	29
Canara Bank	599792	38*
Bank of India	674808	38*
Punjab National Bank	700285	41*
Bank of Baroda	806696	43
TOTAL		442

*These banks may, however, retain the existing number of GMs.

(iii) The ratio of GM/DGM/AGM shall continue to be as before i.e 1:3:9.

(iv) The guidelines shall henceforth, be reviewed based on the business mix as on 31.03.2015 and the ceiling provided in Para (ii) above shall remain effective till next
review.

2. Banks are advised to take appropriate action in the matter with due approval of the respective Board of Directors.

3. This issues with the approval of Secretary(FS).

Yours faithfully,
sd/-
(Manish Kumar)
Under Secretary to the Government of India
Copy to (i). All Government Nominee Directors (ii) Website of DFS.

Source: www.financialservices.gov.in
[http://financialservices.gov.in/download.asp?rec=265&NotificationType=C]

Promotion process 2013-14 – Relaxations regarding Semi/Rural-urban experience and field experience for Specialist Officers

Promotion process 2013-14 – Relaxations regarding Semi/Rural-urban experience and field experience for Specialist Officers

F.No.4/11/3/2013-IR
Government of India
Ministry of Finance
Department of Financial Services

Jeevan Deep, IIIrd Floor,
Parliament Street, New Delhi
Dated the June 3, 2013

To
CEOs of all PSBs

Subject: Promotion process 2013-14 – Relaxations regarding Rural/Semi-urban experience and field experience for Specialist Officers

Sir,
I am directed to refer to this Department’s letter of even number dated 4.4.2013 and 22.5.2013 on the above subject and to say that references received from PSBs seeking relaxations in the guidelines for promotion process 2013-14 have been examined in this Department.

2. It has been decided that if required the Banks may, with the approval of their Boards, provide relaxations, in the guidelines on promotion on the following points:-

i) In case officers being considered for promotion for the year 2013-14 do not have sufficient rural/semi-urban experience they may be posted to such areas, post promotion, in order to fulfil the mandatory requirement.

ii) In case officers of specialized cadre being considered for promotion for the year 2013-14 do not have sufficient experience of field operations , they may be posted to such positions post promotion, in order to fulfil the mandatory requirement.

3. The Banks may extend such relaxation/ deviation only if required and must properly record the reasons in the minutes of the Board meeting.

4. This issues with the approval of Secretary (FS).

Yours faithfully,
sd/-
(Manish Kumar)
Under Secretary to the Government of India
Copy to all Government Nominee Directors

Source: www.financialservices.gov.in
[http://financialservices.gov.in/download.asp?rec=267&NotificationType=C]

Delay in payment of pensionary benefits to Ex-Servicemen - Financial Services Orders

Delay in payment of pensionary benefits to Ex-Servicemen - Financial Services Orders

F.No.8/1/2012-B.0.III
Government of India
Ministry of Finance
Department of Financial Services
(B.O.III Section)
******

2nd Floor, Jeevan Deep Building
10, Parliament Street, New Delhi-110 001
07th June, 2013

To
(i). The Chief Executives of all Pension Paying Banks.
(ii). The Chief General Manager, In-charge, Customer Service Department,
Reserve Bank of India, Central Office, Mumbai.

Sub.: Delay in payment of pensionary benefits to the Ex-Servicemen.

Sir,
I am directed to refer to the subject cited above and to say that a case of non-payment of ex-gratia amount of Rs. 9 lakhs by the UCO Bank, Jhajjar Branch came to the notice of the Department of Financial Services with the approaching that there may be more cases of nonpayment of pensionary benefits to ex-servicemen causing frustration and feeling of isolation in the minds of those who gave their best of life for defence of nation. Such instances may be easily lapped up by the media to paint a negative picture of the PSBs and the Government which could be avoided with a little alacrity on the part of the banking officials.

2. It is therefore requested to kindly look into the matter on top priority basis by sensitizing the bank officials to be more prompt on payment of pensionary benefits to the ex-servicemen without any further delay and also to the CPPCs which need to be streamlined for timely release of pensionary dues to the Armed Forces pensioners. Action taken in this regard be intimated to this Department at the earliest.

Yours faithfully,
sd/-
(Rakesh Kumar Gupta)
Under Secretary
Tel: 011 23348993

Source: www.financialservices.gov.in
[http://financialservices.gov.in/download.asp?rec=270&NotificationType=C]