Call to increase retirement age of bank employees to 65

Call to increase retirement age of bank employees to 65

The retirement age for bank employees should be increased to 65 for better utilisation of the services of seniors, said INTUC national president G. Sanjeeva Reddy.

Many officers were joining private financial institutions after their superannuation and extending quality services. The Public Sector Units were unable to make use of their services fully as they were retiring by 60, he opined.

Speaking after inaugurating the Eighth Biennial Conference of Union Bank Officers’ Congress of Andhra Pradesh here on Sunday, Mr. Reddy said the INTUC was opposed to the disinvestment plans and selling of shares to private companies from PSUs. He promised bankers of a discussion on their problems with the Centre.

Vijayawada MP Lagadapati Rajagopal, who attended the conference, said banks would collapse if NPAs increased, and underlined the need for prompt payment of loans borrowed by bigwigs.

Advice to seniors

Union Bank of India Staff College Principal P.S.N.M. Sarma said the bank recruited 5,500 employees in the last five years. But, the young officers were leaving the organisation as private financial institutions were offering good salary. The senior officers in banks should change the mindset of the fresh recruits and prevail upon them to stay in the organisation and help in the growth of business, said UBI Hyderabad Deputy General Manager M.N. Teppalwar. The officers appealed to the INTUC president to raise voice on behalf of the All India Union Bank Officers’ Congress (AIUBOC) on wage revision in the proposed bipartite talks.

Mr. Sanjeeva Reddy along with the MP and the bank officers released the ‘service rules’ book of the UBI. Later, they felicitated the branch officers of various districts. Bank officers from the neighbouring States also attended the conference.

AIBUOC president Syed Allbaksh, AP unit president M.M. Bhaskara Rao, general secretary V.V. Ramana, DGMs I.C. Amruth Kumar, D.V. Gupta, and K.L. Raju, and retired officers participated.

Source: www.thehindu.com
[http://www.thehindu.com/news/cities/Vijayawada/call-to-increase-retirement-age-of-bank-employees-to-65/article4377886.ece]

CGEN.in Newsletter Subscription…

Enter your Email:
Preview | Powered by FeedBlitz

Also you read….

EXPECTED DA FROM JULY 2014 – An overview of articles about DEARNESS ALLOWANCE

EXPECTED DA FROM JULY 2014 An overview of articles about DEARNESS ALLOWANCE It is an appreciable trend that articles about Dearness Allowances continue to be churned each day. There are plenty of … [Read More...]

Bharat Pensioners Samaj reply to 7th CPC questionnaire-Revised draft

Bharat Pensioners Samaj reply to 7th CPC questionnaire-Revised draft Ms Meena Agarwal Secretary GOI Seventh Central Pay Commission Post Box No 4599 Hause Khas P.O. New Delhi -110016 e.mail: … [Read More...]

Date of Effect of 7th Central Pay Commission – Minister replied in Parliament

Date of Effect of 7th Central Pay Commission - Minister replied in Parliament In Parliament the Minister of Finance Shri.Chidambaram informed in a written reply to a question on 2nd Febrauary 2014 … [Read More...]

AIRF Demands to revise all allowances by 25% due to DA goes up 100%

AIRF Demands to revise all allowances by 25% due to DA goes up 100% Enhancement in the rates of various allowances by 25% consequent upon Dearness Allowance crossing 100% All India Railwaymen’s … [Read More...]

Dont forget to join in our community…