Showing posts with label policy. Show all posts
Showing posts with label policy. Show all posts

Friday, June 13, 2014

Suggested Promotion Policy

THE IDEAL PROMOTION PROCESS
Suggested by V Subramanian 

The Ideal Promotion Process - Merit Quota
S No
Evaluation Criteria/Stage
Maximum Marks
Minimum Marks
Explanation
1
Academic Qualifications
10
N I L
Graduation: 2 Marks; Post Graduation: 2 Marks; Professional Qualification: 2 Marks; JAIIB - 1 Mark & CAIIB - 3 Marks (Professional Qualifications include ACA, ICWA, CFA, MBA, LLB/BL, Company Secretaryship etc.)
2
Experience in the current Grade/Scale
6
3
1 Mark for each completed year of service in the present Grade/Scale
3
Performance Appraisal
24
15
Last 3 years average is to be reckoned, in order to eliminate the evil effects of subjectivity, bias, favourtism and nepotism.  However, the employee/officer concerned must have worked under not less than 2 appraising officials during the period of reckoning.
4
Managerial Experience
6
4
2 marks per year of managerial experience in the entire banking career
5
Out of State Service
4
N I L
1 mark per year of service outside one's home state in the entire banking career
6
Written Test
40
24
The written test must comprise of only questions suiting the present grade/scale of each staff.  Neither very simple and basic questions are to be asked, nor very complex subjects are to be touched.
7
Interview
10
4
During the interview process, stupid, silly and irritating questions are not to be posed.  Similarly, very simple, superficial and irrelevant questions are to be avoided.  At present, the nature of questions varies depending on the candidate concerned to select or disqualify a person.  This must change.

T O T A L
100
50
The overall minimum marks to qualify will be 50 out of 100.





The Ideal Promotion Process - Seniority Quota

S No
Evaluation Criteria/Stage
Maximum Marks
Minimum Marks
Explanation

1
Academic Qualifications
10
N I L
Graduation: 2 Marks; Post Graduation: 2 Marks; Professional Qualification: 2 Marks; JAIIB - 1 Mark & CAIIB - 3 Marks (Professional Qualifications include ACA, ICWA, CFA, MBA, LLB/BL, Company Secretaryship etc.)

2
Experience in the current Grade/Scale
20
10
2 Marks for each completed year of service in the present Grade/Scale

3
Performance Appraisal
30
21
Last 5 years average is to be reckoned, in order to eliminate the evil effects of subjectivity, bias, favourtism and nepotism.  However, the employee/officer concerned must have worked under not less than 2 appraising officials during the period of reckoning.

4
Managerial Experience
10
N I L
2 marks per year of managerial experience in the entire banking career

5
Out of State Service
10
N I L
2 marks per year of service outside one's home state in the entire banking career

6
Rural/Semi-Urban Service
10
6
2 Marks for each completed year of service in the entire banking career

7
Interview
10
3
During the interview process, stupid, silly and irritating questions are not to be posed.  Similarly, very simple, superficial and irrelevant questions are to be avoided.  At present, the nature of questions varies depending on the candidate concerned to select or disqualify a person.  This must change.


T O T A L
100
40
However, the overall minimum marks to qualify will be 50 out of 100.

Note
Common to both the Streams - Merit and Seniority

Vacancies in positions up to MMGS II can be filled up as follows.

Direct Recruitment
20%


Promotions under Merit Quota
50%


Promotions under Seniority Quota
30%


Vacancies in positions in MMGS III and SMGS IV can be filled up as follows.

Promotions under Merit Quota
60%


Promotions under Seniority Quota
40%


There will be no lateral entry for positions in MMGS III onwards and up to TEG VII (GM) level.

Very Important:
Where Rural/Semi-Urban Service and/or Managerial Experience has been made mandatory, as a pre-condition for promotion, managements have unfairly made it as a post-promotion condition in a large number of cases, suiting their whims and fancies.  Further, to add insult to the injury, the managements never bother to ensure that this post-promotion condition is complied with in full measure.  In order to avoid misuse of this clause, which works to the advantage of one section of officers and to the detriment of rest of them, it is now stipulated as follows.

“Where this pre-promotion condition is imposed on some promoted officers as a post-promotion condition, until and unless such officers complete the term of rural/semi-urban and managerial service as mandated for their latest promotion, their service will not be counted for earning the promotion to the next higher stage.  In other words, they will lose ‘inter se’ seniority.  Thus, certain section of officers will be thwarted from enjoying best of both the worlds (of complying with the mandatory pre-promotion requirement, after getting the promotion and simultaneously getting the benefit of seniority in the post-promotion Grade)”.

Date
12-06-2014                                                                                                                                                                                                   pannvalan




Thursday, June 12, 2014

Non Performing Policies Lead To Non Performing Assets

Apropos the report, "Bankers pitch for a National Asset Management Company" (June 11), the proposal for setting up a National Asset Management Company (NAMC) draws upon the concept of separating bad loans from good loans, so that more concerted efforts can be made to recover these non-performing assets (NPAs).

However, NAMC-like initiatives can only be successful if they are a one-time exercise of purging the bank books of such bad loans. There is also a question of moral hazard since the bankers may continue to build up NPAs without looking into other causes leading to their NPA growth. NAMC also goes against the interests of various asset reconstruction companies working in the country.

The government and Reserve Bank of India need to consider the various pros and cons of separating NPAs from public sector banks. In the banking business, non-recoveries are a part of the process and the provided remedies are improving loan origination and writing off the unrecovered loans. The NAMC proposal also shows the weakness of the Indian banking policy formulation. Whenever faced with an issue, we are not ready to strengthen our current practices, but start looking for softer options.
By Y P Issar Karnal