This refers to Mumbai
High court judgement pronounced Today in a case related to Central Bank of
India . The Bombay high court on Tuesday held that its ( bank’s ) recruitment
policy, which allows campus recruitment/interview method for appointment of
officers against permanent vacancies on regular basis, was illegal and
unconstitutional.
Bank management of almost
all public sector banks has resorted to campus hiring, not only in scale I but
in scale II and scale III too. During last ten years top ranked officers of
almost all banks have functioned in an arbitrary manner, recruited persons of
their choice, giving favours to kith and kins of high profile persons and
denying the talented unemployed youth. Recruitment of persons for some personal
gain or to give favour to sons and daughters of known dignitaries has damaged
work culture in banks and adversely affected the asset quality of almost all
banks.
Top management in public
sector banks picked up persons from campus of their choice and in the name of
merit they raped those who have been working in the bank for years and decades.
Not only in recruitment have they harmed the future of those existing employees
who were waiting for promotion to higher cadre and higher scale. There are
instances where bank management recruited officer directly in scale III whereas
hundreds and thousands of officers eligible for promotion to scale III are
denied their rights.
Further due to their
arbitrary and unjustified recruitment of officers from campus in scale III or
scale II management of bank had to pay double salary or more for the same work
which could be and which hitherto has been performed by junior officers and
clerks.
Is there anyone who can punish
such top ranked officers whose faulty action caused huge loss to the bank??
Why these responsible and
top ranked officers should not be personally punished and taken to task so that
in near future no one dares violating the rights of existing employees and
denying the opportunity to really talented youths.
I am unable to understand
why the courts have simply warned the bank to desist from campus hiring in
future and why not court thought it necessary to impose penalty of erring top
officials.
In response to court verdict
against Central bank and its clear warning to bank not to repeat such campus
hiring, Government of India should order CBI inquiry into all recruitment which
took place during last ten years in public sector banks through campus hiring
and whether those officers are really better than already working officers in
banks and whether there was any corrupt dealing in such type of recruitment.
RBI now Questions HR Policies of Public Sector Banks
| RBI for overhaul of banks' HR practices |
| K C Chakrabarty questions wisdom in hiring from top B-schools http://dkjain4970901092007.blogspot.in/2012/06/rbi-now-questions-hr-policies-of-public.html http://dkjain4970901092007.blogspot.in/2012/05/fresh-guideline-to-banks-on-promotion.html High Court Warns bank Management Against Campus HiringCentral Bank’s campus hiring illegal: HC Times Of India |
Some of viewers are afraid that if court restricts employment through campus hiring , the fate of unemployed youth will be jeopardised. Here I would like to make it clear that court has simply instructed bank to follow necessary guidelines and carry out entire recruitment process in a more transparent manner. If bank is allowed to resort to campus hiring, the top bankers will choose only those campuses where their sons and daughters are admitted or those campuses where some monetary gain is expected . It is seen in the past that banks recruited scale II and scale III officers as Credit processing officer and offered them the pay which existing employees get after serving bank for two three decades.. This has resulted in severe disparities in total emoluments payable to old employees . It is true that a few of these directly recruited officers have performed well , but it is also true that many of junior bust existing employees are processing credit proposals in a better way than those who were recruited in scale II and scale III.There are cases when even clerks are good processing persons. It is unfortunate that many banks are still in process of recruiting officers in scale II or scale III at the cost of promotion prospects of existing junior level officers.
ReplyDeleteIt is still not clear what the learned High Court has said.If the banks have issued call letter or selected anyone for any post, banks are supposed to honour its decision.I have however forwarded your copy of high court verdict to office of 'Times of India which published the news saying that Mumbai High court held campus hiring as illegal and unconstitutional.
ReplyDeleteYou are right in saying that privat ebanks are rising through campus hiring only.You have further pointed out that when campus hiring has resulted in growth of private banks, why state run banks will not benefit from it?
I would like to say here that management of private banks as also employees of these banks works and have to work for the growth of and for the gain in favour of promoters of the bank. They are loyal to their organisation in 90 percent of the cases.
On the contrary leaders of public sector banks are only 10 to 20 percent a honest and devoted for their organisation. Officials of these government banks will go to campus where sons and daughters of their relatives and their Godfathers are admitted.They will pick a few talented candidate to show the common men , but they will pick some of their relatives, they will sell some post taking some money, they will oblige some seniors to get early promotions and choice posting etc.
This is why there is always possibility of misuse of power of picking unemployed youth from campus. Hence court has rightly directed to carry out recruitment in more transparent manner giving all unemployed youth equal opportunity. Rampant corruption in PSBs is one of the key reasons why public sector banks are not growing as private banks have grown in a span of only two decades.
It will not be an exaggeration say here that majority of top ranked officials in government banks have bad history and they perpetuate corrupt culture only. This is why bad assets is increasing year after year in public sector banks whereas in private banks it is coming down.