5-year term for public sector bank heads mooted - The Hindu

5-year term for public sector bank heads mooted - The Hindu

The move to appoint public sector bank heads for longer tenures is most welcome. But, to find sufficient number of suitable candidates in the age group of 50 to 55 in the pool of candidates to be considered for selection will continue to be difficult, unless a revamp of recruitment and career progression policies across hierarchies is made. Recently, one large bank had only one eligible candidate when 'selection' of candidate for the top-most position was to be made. Finance Ministry had to bend rules to make more candidates eligible for being considered.

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