Government of India
Ministry of Finance
Department of Financial Services
Jeevan Deep, Parliament Street,
Dated the June 14, 2013
CEOs of all Nationalized Banks
Subject : Posts of General Managers/Deputy General Managers/Asstt. General Managers in Nationalized Banks – guidelines regarding.
In continuation of this Department’s letters No.2/19/2011-IR dated 23.12.2011 and 16.3.2012 on the subject cited above, I am directed to state that after careful consideration, the following parameters have been decided based on the business mix as on 31.3.2013 for determining the posts of GMs :-
(i) The number of GMs in Nationalized Banks will be as under:-
|For the Banks with Business||Number of GMs|
|Up to Rs. 1,50,000 crores||Number of GMs is 12|
|Beyond Rs 1,50,000 crores and less than Rs 4,00,000 crores||One additional GM for every Rs 18,000 crores|
|Beyond Rs 4,00,000 crores||One additional GM for every Rs 24,000 crores|
(ii) Accordingly, the number of GMs in respective Banks will be as under:
|Name of the Bank||Business mix as on 31.03.2013
(Figures in Crores of Rupees)
|No. of GMs now
|Punjab and Sind Bank||122485||12|
|United Bank of India||170359||13|
|Bank of Maharashtra||170734||13|
|Indian Overseas Bank||366501||24|
|Central Bank of India||402271||26|
|Union Bank of India||475673||29|
|Bank of India||674808||38*|
|Punjab National Bank||700285||41*|
|Bank of Baroda||806696||43|
*These banks may, however, retain the existing number of GMs.
(iii) The ratio of GM/DGM/AGM shall continue to be as before i.e 1:3:9.
(iv) The guidelines shall henceforth, be reviewed based on the business mix as on 31.03.2015 and the ceiling provided in Para (ii) above shall remain effective till next review.
2. Banks are advised to take appropriate action in the matter with due approval of the respective Board of Directors.
3. This issues with the approval of Secretary(FS).
Under Secretary to the Government of India
Copy to (i). All Government Nominee Directors (ii) Website of DFS.