Robust review before PSU bank chiefs are selected | Business Standard News

Robust review before PSU bank chiefs are selected | Business Standard News
Online comments posted on September 16, 2014:
While the present initiative by Reserve Bank of India to make the selection process for top positions in Public Sector Banks is most welcome, this need be considered as just fire-fighing operation or ‘first-aid’. RBI should make use of this ‘opportunity’ to make GOI understand the need for better Human Resources Management in public sector organizations including statutory bodies like RBI. A thorogh review at the national level covering recruitment at various levels, career progression, talent retention, remuneration package, in-house skill-development and tenure of incumbents at top-most levels in these organisations is overdue. Finance Ministry and political leadership have been ‘enjoying’ the advantages of vacant or inefficient top positions in public sector organizations. Weakening of UTI and several other PSUs including Hindustan Machine Tools can be traced to this approach of GOI and political leadership. Dr Rajan and the new leadership at New Delhi should revamp the whole PSU structure. They together can. M G Warrier, Mumbai

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