The
Great Indian Folly of Campus Recruitment--------Despite Adverse court verdict,
many banks are still in process of campus recruitment in higher scales.( Court verdict against Central Bank of India is given in link given below )
They neither follow guidelines issued from Ministry of Finance nor respect Court Order and always try to give wrong excuses for their wrong
actions. Until guilty persons are punished for their past actions, one cannot
dream of any reformation for future.
People
sitting at top posts in banks or in the government use their art of presentation
to commit fraud and perpetuate their corrupt practice.They never want to to punish evil persons.
Scam
after scam takes place but government always promises to make new laws and
never tries to enforce existing laws.
This
has been seen during last 65 years of freedom. One after other committees are formed
to conceal their misdeeds and to exonerate corrupt leaders. Even reports of
such committees are not cared if the finding goes against them or their bosses.Only a few honest and devoted officers are made scapegoat if the media or some persons come forward with exposure in naked form.
Clever
government has framed several laws against social evils like dowry, rape, corruption,
extortion, terrorism etc but could not stop its rise day after day and year
after year. This is only because their tendency to protect the guilty.They make act but do not ensure action on the act .
Until
birds of same feather occupy the powerful posts once cannot imagine of any
change. Person like Arvind Kejriwal can only dream of change because he has a
vision for execution matching his ideas.
After all, what is justificat
Banks are service oriented industry where experience is more valuable than educational degrees or good looking personalities. Best marketing officers can bring new businesses for their banks, but only able and experienced officers can sustain them.
Quality
of service is more important in banks than the degrees of serving employees.
Once a person joins a bank, his educational qualification becomes insignificant.
His ability to judge a loan seeker and comfort of depositors can only help in
increasing business of a bank.
Officers who do not have credit
processing skills or who have not developed enough experience are made Branch head. This culture has resulted in bad lending
and hence rises in bad assets. Quick mortality of assets in banks has gone
beyond control of bank management only because unskilled MBA graduates are sitting at top posts
and seniors are working as subordinates in such branches. This mismatch has
adversely affected the work culture in almost all banks which have resorted to
campus hiring giving false excuses to Ministry of Finance or to give favour to
kith and kin of powerful ministers.
It is therefore need of the
hour to assess and ascertain the pros and cons of practice of campus hiring and
punish CMDs of those banks who introduced this culture for their self interest and
caused irreparable damage to banks.
Work culture is more important than
any other thing for survival of banks. Officers who understand the value of
money, intricacies of character of bank customers , principles of lending , importance of KYC norms, significance of RBI prudential norms for income recognition and asset classification creditworthiness of loan seekers and overall comfort level of
their customers can only ensure safety and security of banks for future.
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.
It is necessary to first identify the disease, find out the root cause of sickness and then treat the sickness in such a way that the sickness is cured for good and ever.Until the germs of disease lie in the body , one cannot expect quick and permanent recovery from sickness.It is praiseworthy that now banks have at least started accepting bad assets as bad assets and this is why banks have taken recovery steps to some extent.
Banks and the government have to first learn to say spade a spade.
Click on following two links one by one to read more--
Click on following two links one by one to read more--
2 comments:
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.
It 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.
You 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.
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