Revised Guidelines for Promotion Of Officers

As usual, as done year after year ,this year too ,in the month of March 2013 Ministry of Finance has issued revised guidelines for promotion of officers from one scale to other giving some relaxation. Bank Management in nexus with officials of Ministry of finance is making all efforts to reject officers whom they dislike and pick up officers as per their whims and fancies even if the officer to be promoted by them is less experienced  less skilled , less talented and more corrupt (but He is number one Yesman)

MOF has given relaxation in rural service. Those officers who have been serving in Metro areas for decades will once again get chance to get promotion without serving in rural areas. On the other hand officers who have been posted in rural areas for more than one or two decades will once again be rejected in Interview.

Every year management gives relaxation to urban area based officers and take a simple  undertaking from such promotees that he will serve in rural area for two or three years. BY the time the officers is promoted to scale IV or V , management will have an excuse that there is no branch or Regional office in rural area for scale V or scale IV post.

It is very much dangerous and risky that officers who have not yet gained experience in various fields of banking , who do not understand even basic of accounting , who do not have capacity to judge the creditworthiness of a loan seeker and who do not possess sufficient exposure in credit portfolio to judge the merit and demerit of  credit proposal are getting scale IV or scale V rank  only due to their closeness with top bosses. 

Banks are committing blunder by promoting such inefficient and incapable  officers to scale II or scale III or scale IV or scale V or scale VI level .Future generation officers will face the crisis as current top ranked officers are facing the ill -effects of what their predecessor officer commuted in lending and in monitoring of loan.

After all these top ranked officers will get retired by the time repercussion and ill effects of wrong actions of such incapable officer emerges and surfaces. Bankers are now facing the consequences of wrong financing made by senior top ranked officers    who have either got retired or who have been elevated to the post of ED or CMD. 

None of top ranked officers have guts and courage to point their accusing fingers towards their contemporary brothers and sisters sitting at higher posts in their bank or in other banks  even if they are found to be accountable for  bad lending . 

After all in all cases of bad loans involving more than five crore of rupees, it is the joint responsibility of Board of the bank, Managing committee of the bank and Credit Approval Committee of the bank normally constituted of senior officers including those from RBI and MOF. 

Birds of same feather flock together.Gang of thieves serving as police officers serve interest of each other and it is a well established culture in all Ministries and in all departments in India. Transfer and posting and promotion of every senior officer ultimately depend on the mercy of their bosses and hence the culture of flattery and bribery never ends.

Below is the link of guidelines issued by Ministry of Finance in March 2013

https://www.facebook.com/groups/unionites/?fref=ts

https://attachment.fbsbx.com/file_download.php?id=461536450588310&eid=ASu-8GeCIOpQxWaag6CXW-4WSngxpCzGnMzaWgOZv868IXYinbNcU0_mYv86DbfbJ60&inline=1&ext=1366819943&hash=ASuaso99oMBl-H-B

https://attachment.fbsbx.com/file_download.php?id=461536450588310&eid=ASsWadaI2TBSzecObhdv8d-_vykU20CBrrXlMHfhs0EpC7ikyndLYte1NTZF9tGcsPk&inline=1&ext=1366814531&hash=ASvgDsCzkGZ5Ub90