Bank Chairman Again Want Campus Recruitment Despite Supreme Court Ruling Against It

PSU Banks Should Be Allowed to Recruit From IITs, IIMs: SBI
MUMBAI: The country's largest lender, SBI has said that public sector banks should be given an opportunity to tap the best talent from premier institutes like IITs and IIMs.

"The public money goes into formation of the institutions like IITs and IIMs. From all of these good institutions, which nurture the best talents of the country, the public sector banks are barred from recruitment," SBI chairperson Arundhati Bhattacharya said at a recent event.      

She said currently the Supreme Court does not allow state-run banks to go for campus recruitment to these premier institutions as every vacancy has to be advertised so that everyone should be able to participate in it.   
     
"Now, what kind of a country actually spends tax payers money and then stops the public sector banks from taking talents from these institutions," she said.  

 She further said that by not allowing public sector banks to recruit from IITs and IIMs, it is creating a barrier and does not give them a level-playing field.    
"If without this the public sector has delivered so much then imagine what we will deliver if we are allowed...," she added.

SBI ने कहा, सरकारी बैंकों को IIT-IIM से रिक्रूटमेंट की अनुमति हो-Aaajtak-02.02.2015
देश के सबसे बड़े भारतीय स्टेट बैंक ने कहा है कि सार्वजनिक क्षेत्र के बैंकों को भारतीय प्रौद्योगिकी संस्थानों (आईआईटी) और भारतीय प्रबंधन संस्थानों (आईआईएम) से रिक्रूटमेंट का मौका मिलना चाहिए.
एसबीआई की चेयरपर्सन अरंधति भट्टाचार्य ने हाल में एक कार्यक्रम में कहा, ‘आईआईटी और आईआईएम जैसे संस्थानों में जनता का पैसा लगा है, इन सभी संस्थानों से सार्वजनिक क्षेत्र के बैंकों को रिक्रूटमेंट का अधिकार नहीं है.’’ उन्होंने कहा कि फिलहाल उच्चतम न्यायालय सरकारी बैंकों को कैंपस नियुक्ति की अनुमति नहीं देता, क्योंकि उनके लिए प्रत्येक वैकेंसी के लिए विज्ञापन निकालना जरूरी है.
उन्होंने कहा, ‘वास्तव में इन संस्थानों पर करदाताओं का पैसा लगाया जाता है और उसके बाद सार्वजनिक क्षेत्र के बैंकों की इनकी प्रतिभाओं की रिक्रूटमेंट से रोका जाता है.’भट्टाचार्य ने कहा कि सार्वजनिक क्षेत्र के बैंकों को आईआईटी व आईआईएम से रिक्रूटमेंट से रोक कर एक बाधा खड़ी की जा रही है और उन्हें समान अवसरों से वंचित किया जा रहा है

My Comment :
It has been decided last year by Supreme Court that recruitment from campus by banks is unconstitutional and illegal. Despite it, Chairman of SBI and other banks expressed their desire before Prime Minister Sri Narendra Modi during Gyan sangam that public sector banks can improve if they are allowed to recruit talent boys and girls from IIT , IIM and other campuses.

I would like to mentioned that till the year 2013 these banks recruited many officers from campuses of their choice , selected sons and daughters of their colleagues and offered higher pay , higher scale and best posting .

Inspite of recruiting so called talented boys and girls from campuses in higher scale and promoting officers from their banks strictly as per so called merit ,these banks are sick and sitting on volume of NPA and stressed assets arbitrarily restructured by them to conceal bad assets on flimsy ground.

Inspite of having so many talented boys and girls recruited by them , Chairman of public sector banks  could not stop assets going from performing to non performing assets. SBI also recruited several officers strictly as per their whims and fancies. They all framed policy of recruitment in arbitrary and opaque manner and applied all manipulating tools including interview to recruit and promote officers as per their choice. But unfortunately during ten years of such recruitment , health of PSBs have deteriorated because they were dishonest in their actions and used corrupt practices in entire such course of action.

Now it is totally immoral, wrong, and incorrect on the art of bank top officials to demand restoring powers to recruit officers from campus. Court restrained such campus recruitment only last year and Chiefs of PS banks  have started blaming court for poor health of bank. They want to wash their dirty hands which damaged banks during last ten years by blaming quality of manpower.

Is it not ridiculous and unjustified?

Had they been honest and really interested in performance , they have numerous experienced officers who have stopped appearing in promotion process only because they know very well that they will not be selected for promotion to higher scale as because they do not have backing of any Godfather and neither they are flatterer or bribe earner.

It is possible in only PS banks that a 30 year experienced officer remains without any promotion and get almost the same salary which a four or five years experienced officer is getting only because the later is directly recruited in scale II or III or IV . Though all of them perform work of same nature. Rather directly recruited officer in scale III or IV has caused much loss to the bank due to their lack of exposure. It will be exposed only if unbiased investigation is carried out in all cases of high value NPA an frauds. GOI will have to peep into old records to know when the symptoms of sickness started appearing in loan account which is now NPA. They will have to look into standard assets too whether all are really standard.

I therefore strongly feel that Chiefs of PS banks are having malicious intention and hence making lame excuses to cover up their corruption, their failure in managing the affairs, their negligence in monitoring of assets and their biased decision in recruitment , promotion and posting.

Lastly I am unable to understand why through all India competition , talented boys and girls cannot be recruited in banks when it is possible for Government of India to recruit boys and girls for the post most important , vulnerable and prestigious posts of IAS and IPS services.

Why do Chiefs of public sector banks think that they can recruit talented persons only by campus recruitment?

Do thy want to recruit from campus only because companies and IT sector are recruiting?

If yes , do they want to continue their arbitrary and corrupt rule of offering higher package of salary to their kith and kins neglecting already available several experienced and talented persons in their banks who have been serving for years and decades?

It is important to point out here that promoters of private companies think only for profit and for growth of their company whereas public servants posted as officers in top ranks in banks thinks for their self interest barring some exceptions. Private companies can recruit their kith and kins, their friends and relative even without any test or interview, because it is their right. But such rights are not vested in public servants who are bound by Constitutional provisions and who are supposed to give equal opportunity to all without any discrimination.

I therefore doubt the honesty and integrity of all such Chiefs of public sector banks who are advocating restoration of right to recruit from campus despite restriction imposed by ruling of Supreme court in the year 2013.

Following link will explain the court order on campus recruitment which all bank staff should read and protest the mischievous attempt of Chiefs of banks to get power of campus recruitment .
Finance Minister bans campus recruitment and court order

Wednesday, April 3, 2013

High Court Says Campus Hiring By Banks is Illegal and Unconstitutional

This refers to Mumbai High court judgement pronounced Today in a case related to Central Bank of India . The Bombay high court on Tuesday held that its ( bank’s ) recruitment policy, which allows campus recruitment/interview method for appointment of officers against permanent vacancies on regular basis, was illegal and unconstitutional. 

Bank management of almost all public sector banks has resorted to campus hiring, not only in scale I but in scale II and scale III too. During last ten years top ranked officers of almost all banks have functioned in an arbitrary manner, recruited persons of their choice, giving favours to kith and kins of high profile persons and denying the talented unemployed youth. Recruitment of persons for some personal gain or to give favour to sons and daughters of known dignitaries has damaged work culture in banks and adversely affected the asset quality of almost all banks.

Top management in public sector banks picked up persons from campus of their choice and in the name of merit they raped those who have been working in the bank for years and decades. Not only in recruitment have they harmed the future of those existing employees who were waiting for promotion to higher cadre and higher scale. There are instances where bank management recruited officer directly in scale III whereas hundreds and thousands of officers eligible for promotion to scale III are denied their rights.

Further due to their arbitrary and unjustified recruitment of officers from campus in scale III or scale II management of bank had to pay double salary or more for the same work which could be and which hitherto has been performed by junior officers and clerks.

Is there anyone who can punish such top ranked officers whose faulty action caused huge loss to the bank??

Why these responsible and top ranked officers should not be personally punished and taken to task so that in near future no one dares violating the rights of existing employees and denying the opportunity to really talented youths.

I am unable to understand why the courts have simply warned the bank to desist from campus hiring in future and why not court thought it necessary to impose penalty of erring top officials.

In response to court verdict against Central bank and its clear warning to bank not to repeat such campus hiring, Government of India should order CBI inquiry into all recruitment which took place during last ten years in public sector banks through campus hiring and whether those officers are really better than already working officers in banks and whether there was any corrupt dealing in such type of recruitment.

Central Bank’s campus hiring illegal: HC

Times of India 

MUMBAI: In a major setback for Central Bank of India, the Bombay high court on Tuesday held that its recruitment policy, which allows campus recruitment/interview method for appointment of officers against permanent vacancies on regular basis, was illegal and unconstitutional. 

The HC directed the bank to refrain from making any appointments against permanent vacancies on regular basis via campus recruitment\interview mechanism, warning that if it did so, it would be non-est (not binding) in law. 

A division bench comprising Justices A M Khanvilkar and Mridula Bhatkar directed the bank to refrain from making any appointment against permanent vacancies on regular basis via campus recruitment\interview mechanism, warning that if it did so, it would be non-est (not binding) in law. "We hold that in the matter of public employment, as per constitutional scheme, the mandate is to invite applications from all eligible persons by giving wide publicity, without exception. The fact that other state instrumentalities have resorted to campus interview mode of appointment in the past can be no basis to legitimize that process which inevitably tramples the fundamental rights of otherwise qualified and eligible citizens to be considered for the public posts along with similarly placed persons,'' the court said. 

Further, it pointed out that the argument of liberalization, autonomy or competition with private sector, tapping of candidates from specialized field or better qualified candidates through campus recruitment could be no basis to uphold the impugned action of the bank. "The successive pronouncements of the apex court have affirmed that in matter of public employment, it should be done only by inviting applications from the public at large by giving wide publicity and issuing public advertisements,'' the HC said, refusing to buy the argument that candidates selected through campus interview were a class apart and utilizing their expertise could help compete and match the performances of private and foreign banks. 

A section of PG management students had filed a writ petition challenging the recruitment policy of Central Bank, saying it was against constitutional provisions and should be quashed. They wanted the court to direct the bank to issue an advertisement to ensure a transparent recruitment process. 

The bank submitted that recruitment through campus interview was a well-known method and was permitted as per its recruitment and promotion policy. It further contended that the method helps identify and select the best talent. 

The petitioners brought to the notice of the court that most of the colleges from where students were recruited were private institutions, giving credence to the theory of the possibility of pick-and-choose approach adopted in the empanelment of the stated colleges\institutions.

http://timesofindia.indiatimes.com/city/mumbai/Central-Banks-campus-hiring-illegal-HC/articleshow/19353465.cms

 

Also read my views on Danger of Full Autonomy to

 

http://jaindanendra.blogspot.in/2014/10/corruption-in-promotion-process-in-ps.html

 

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