It will not be an exaggeration to say that there is acute scarcity of good and honest officer in public sector banks. Because majority of officers not sitting at top posts and who are executives have come from the root of flattery and bribery only.
When majority of seniors are corrupt , the damage to the organisation is inevitable. It is PS banks where promotion is given to flatterers in 2-3 years and abnormal hike is given. Bank management use to make excuse of shortage of quality officers , but bitter truth is that good officers are facing rejection in promotion processes all the time.
It is they who ignored good officers for two to three decades in the name of merit . Now seniors do not find any interest in applying for promotion.
It is PS banks where recruitment is made in higher scale to give higher salary to freshers.
And it is only PS banks where corrupt officers who are involved in recruitment scam , promotion scam and loan scam get safe exit , safe retirement and safe acquittal from charges of corruption and irregular lending.
Why?
Because majority of important posts and key posts are manned by corrupt officers only who like flatterers and bribe earners only. Officers who are not well versed in banking matters and who are not well experienced in operation and loan processes are made Branch Head and Departmental Head.
This is why during last two decades of liberal policy , these banks have accumulated bad assets in their portfolio and they are facing continuous erosion of capital.
It is PS banks which suffer huge loss or suffer erosion in profit whereas on the contrary private banks prosper in the same way as private telecom service proivders gain in profit whereas BSNL suffers loss, Indian airlines suffer loss whereas Private airlines earn profit.
Who will bell the cat when majority of top officials forming bank management at various level are ill-motivated and corrupt minded?
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