Bank employees!! Be ready to face sweeping, upside down changes( or attacks?) in Banking Industry!!
Yes!! Govt. of India has accepted 56 recommendations out of 105 of Kandelwal Committee and sent letters to all Public Sector Banks for early implementation.
Here is the details of the letter.
F. No.
9/18/2009-IR
Government
of India
Ministry
of Finance
Department
of Financial Services
Jeevan Deep Building, Sansasd Marg
New Delhi, the 21st October 2011
To
The CEOs of all PSBs
Sub:
Recommendations of the Khandelwal Committee – reg.
Sir,
I am directed to state that a
committee was set up on 22nd October, 2009 to conduct a study of the
HR issues of the Public Sector Banks and making appropriate recommendations,
thereon under the Chairmanship of Dr.A.K.Khandelwal, former Chairman &
Managing Director of Bank of Baroda with Shri. T.V.Rao, Professor, IIM,
Ahemedabad, Dr.Deepak Phatak, Professor, IIT, Mumbai and Shri. M.V.Nair, the then Chairman, Indian
Banks Association as members. The committee submitted its recommendations (grouped
into 13 chapters and 105 recommendations) to the government which has since
been examined.
2. Approval of the Government is hereby
conveyed on the following recommendations of the Khandelwal Committee. A copy
of the Khandelwal committee is enclosed for further reference. It is requested
that an HR plan for each bank incorporation these recommendations be prepared
and got approved by the Board of Directors latest by 31st December
2011, a copy of the approved HR plan should also be forwarded to this
Department for record and review.
S.No.
|
Recommendation(s) of the Khandelwal Committee
|
Decision of the Government
|
Manpower and Recruitment Planning
|
1.
|
MPP exercise to be carried out by the PSBs
to be a rigorous exercise and to factor all possible contingencies in HR area
– both quantitative and qualitative considering the impact of technology,
staff cost and expansion programmes, etc. Each bank’s MPP to have both short
term and long term projections.
|
Accepted
|
2.
|
Each PSB to carry out detailed and structured
manpower planning exercise every year for a time spectrum of 5 years linking
it with strategic and business plans. banks to take steps to institutionalize
manpower planning with the help of outside expert advice, if required and
subject to review every year by the proposed steering Committee of the Board
on HR.
|
Accepted
|
