THE BIG CHANGES

REVAMPED PO EXAM

The new probationary officer, or PO, exam papers have much tougher logic/ reasoning questions

CHALLENGE – The best expect the best industry compensation, which is not possible, as pay is fixed at public sector banks

FOCUS ON SPECIALISATION

The bank is moving from creating generalists to creating specialists CHALLENGE – People leave once they specialise because of demand in the industry

NEW PERFORMANCE MANAGEMENT SYSTEM

The bank has budgets and targets for everyone; the good performer is rewarded at the end of the year

CHALLENGE – Variable pay, bonuses/incentives are capped, as SBI is a public sector bank; there is not much scope for rewarding performers

SUCCESSION PLANNING

There will be at least four choices for posts of general manager, chief general manager and deputy managing director

CHALLENGE – The rise to posts of managing director and chairperson is decided by the political establishment. The government at times also gives extension to the top boss, which upsets the apple cart