Make the Banks Really Modern
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.