SBI posts should be open to executives of nationalised banks, says AIBEA official

SBI posts should be open to executives of nationalised banks, says AIBEA official

Chennai: Executive Directors (ED) of the nationalised banks should be considered for the post of Deputy Managing Directors (DMD) in the State Bank of India, an All India Bank Employees’ Association (AIBEA) official said.

“There should be a two way traffic of executives between SBI and nationalised banks. The EDs of nationalised banks are equivalent to the DMDs in SBI so that there is fair play and parity,” C.H. Venkatachalam, AIBEA General Secretary told IANS.

The Centre on Wednesday announced the appointment of Managing Directors (MD) of 10 nationalised banks. Five of them were DMDs in SBI.

Venkatachalam said that the DMD posts in SBI were filled through internal promotions and General Managers of nationalised banks were not considered for these posts.

On the appointment of five DMDs of SBI as MDs of different nationalised banks he said: “One wonders whether it is due to dearth of talent in the nationalised banks or due to abundance of talent in SBI or is there some other reason which does not meet the normal eye.”

Venkatachalam said SBI too was suffering from huge bad loans including that of Kingfisher Airlines.

He expressed concern over the non-appointment of Workman Director and Officer Director in all the 20 public sector banks.

“Even the posts that became vacant three years ago are still vacant,” the top official added.