Make the Banks Re­ally Mod­ern

The Economic Times - - The Edit Page -

Apro­pos the Edit, ‘Align Banks’ In­ter­est with Those of Bankers’ (Feb 16), ‘one-wage-for-al­lPSBs’ pol­icy has led to a moral haz­ard among the per­form­ing and non-per­form­ing banks; the same be­ing true for em­ploy­ees within banks. So, a new wage pol­icy is un­equiv­o­cally vi­tal, but si­mul­ta­ne­ously, banks must take a big leap by over­haul­ing their HR sys­tems. To­day, banks re­quire ‘mas­ters of one’. So, all stake­hold­ers, in­clud­ing the unions, must se­ri­ously con­sider how to make ‘Re­cruit­ment, Re­ten­tion and Re­tire­ment’ of bankers smooth and has­sle-free.

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