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….

Next Additional Dearness Allowance Hike Almost Confirmed at 7%..!

Next Additional Dearness Allowance Hike Almost Confirmed at 7%..! The Labour Bureau released the AICPIN points for the month of May yesterday. The AICPIN points, which had remained stagnant at 242 … [Read More...]

Collection of data of Central Government Staff and Officers – 7th Central Pay Commission

Collection of data of  Central Government Staff and Officers - 7th Central Pay Commission The Directorate General of Human Resource Development has published an order regarding the 7th Central Pay … [Read More...]

7TH CPC COMMON MEMORANDUM – AT A GLANCE

7TH CPC COMMON MEMORANDUM – AT A GLANCE Highlights of the Memorandum submitted on issues common to all Central Government employees to Secretary 7th Pay Commission. JCM NC has also submitted Interim … [Read More...]

List of Allowances & Advances increased by 25% due to DA touched to 100% with effect from 1.1.2014.

List of Allowances & Advances increased by 25% due to DA touched to 100% with effect from 1.1.2014.  List of all allowances and advances enhanced by 25% from the existing level from 1st January … [Read More...]

Dont forget to join in our community…