Guidelines For
Creating Posts of GMs, DGMs and AGMs
in Public Sector Banks ---By Rajesh Goyal
In 2011 and 2012, Ministry of Finance issued certain guidelines
for creation and rationalization of posts of GMs, DGMs and AGMs, as GoI felt
that banks have been misusing the powers available to them in creation of such
posts. Now once again these guidelines have been reviewed and new
set of guidelines have been sent to Public Sector Banks. Now in
June 2013, MoF has announced the number of
posts at the level of General Managers for
each bank based on the business mix
of the bank as on 31.03.2013. Broadly, these guidelines are as
follows:-
|
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
|
Based on above guidelines,
MoF has calculated the maximum number of General
Managers in each Public Sector
Bank based on the business mix as on 31/03/2013. The details of posts of GMs is given below based
on MoF guidelines. These guidelines will now be reviewed only based on the business mix as on 31.03.2015
and the ceiling provided below shall remain effective till next review. As per MoF circular, it appears that Punjab National
Bank, Canara Bank, Bank of India already have exceeded the number of posts at General Manager
level. MoF has allowed them to retain the existing number of General
Managers.
The ratio
of GM/DGM/AGM shall continue to be as before i.e 1:3:9. Thus, number of posts for DGMs and AGMs have been
calculated in this ratio. (However, it may be lower for PNB, Canara Bank and
BoI as MoF only says that they have been allowed to retain the number of GMs and not DGMs and AGMs.)
Based on
the guidelines, we give below the
maximum number of General
Managers / DGMs / AGMs that
public sector banks will have till 31/03/2015. We hope this will
bring transparency in the minds of bankers at senior
levels asnumber of rumors float
at the time of promotions etc.
|
Name
of the Bank
|
Business Mix
|
No
of GMs
|
No
of DGMS
|
No
of AGMS
|
|
|
As on 31/03/2013
|
|
|
|
|
|
(Figures
in Crores of Rupees)
|
|
|
|
|
Punjab
and Sind Bank
|
122485
|
12
|
36
|
108
|
|
Dena
Bank
|
163664
|
13
|
39
|
117
|
|
Vijaya
Bank
|
167531
|
13
|
39
|
117
|
|
United
Bank of India
|
170359
|
13
|
39
|
117
|
|
Bank
of Maharashtra
|
170734
|
13
|
39
|
117
|
|
Andhra
Bank
|
223934
|
16
|
48
|
144
|
|
Indian
Bank
|
249136
|
18
|
54
|
162
|
|
Corporation
Bank
|
285359
|
20
|
60
|
180
|
|
UCO
Bank
|
305000
|
21
|
63
|
189
|
|
OBC
|
306084
|
21
|
63
|
189
|
|
Allahabad Bank
|
309678
|
21
|
63
|
189
|
|
Syndicate
Bank
|
334778
|
22
|
66
|
198
|
|
Indian
Overseas Bank
|
366501
|
24
|
72
|
216
|
|
Central Bank of India
|
402271
|
26
|
78
|
234
|
|
Union
Bank of India
|
475673
|
29
|
87
|
261
|
|
Canara
Bank*
|
599792
|
38
|
114
|
342
|
|
Bank
of India*
|
674808
|
38
|
114
|
342
|
|
Punjab
National Bank*
|
700285
|
41
|
123
|
369
|
|
Bank
of Baroda
|
806696
|
43
|
129
|
387
|
|
|
|
|
|
|
|
Total
|
6834768
|
442
|
1326
|
3978
|
|
|
|
|
|
|
|
|
|
|
|
|
We have calculated these based on MoF
guidelines.
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