SHIMLA, Jan 3: All India Bank Employees Association (AIBEA) today termed the BJP-led NDA government’s decision to split Chairman and Manging Directors posts in Banks as “highly unwarranted.”
“This decision will make the Banks top-heavy and lead to more bureaucratisation,” AIBEA General Secretary Ch Venkatachalam told UNI.
He said, “The Chairman will be an outsider and would become another power centre in the banks. It appears that the Union Government wants to pack the banks with their own people.”
Mr Venkatachalam said the AIBEA was oppose to this move and urges upon the Government to rescind it. He said right from 1969 since nationalisation, banks had a Chairman-cum-Managing Director. Recently, public sector banks (PSBs) have been posted with two or three Executive Directors adding to the administrative tier in the banks, he said adding that there were many examples of conflict of interest.
The AIBEA General Secretary said now in four Banks, the Centre had posted MD-cum-CEO and a separate Chairman was going to be posted in all the Banks.
It may be recalled that the Narendra Modi government on December 31 had announced appointment of Managing Directors and CEOs of four nationalised banks, separating the post of Chairman and MD/CEO, effecting a significant change in top management structure of the state-owned banks. The new MDs and CEOs have been appointed in Overseas Bank (R Koteeswaran), Oriental Bank of Commerce (Animesh Chauhan), Vijaya Bank (Kishore Kumar Sansi) and United Bank of India (P Srinivas) for a period of three years or till the date of their superannuation.
(UNI)
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