Banks Are At Risk Due To Manpower Shortage

It is really perturbing to note that every bank is crazy and fast in opening of more and more branches in far flung villages, small towns and big towns to please ministers even when they do not have enough manpower. They do not have quality manpower who can handle bank's job safely and to the satisfaction of customers. 

Due to acute shortage of manpower in higher scale, banks without any fear and without any hesitation are giving faster and faster promotion to officers who do not possess adequate knowledge and experience. Inexperienced officers are posted as Branch Head or assigned the duty of customer related and credit related risky operation and allowed to work online on computers. Cases of bad debts and that of fraud are on sharp rise during last five to ten years and going beyond the control of management of public sector banks. Still banks appears to be careless and painless.

Inspite of growing mess in all banks they do not recruit adequate number of additional fresh youth to fill the manpower gap in branches.  Inefficient persons are posted in branches without proper training and proper skill .Branches are opened by one or two employees just to make record in opening of new branches. Safety of public fund is no more their concern.  Officers who have hardly worked in branches for a year or two and who are  not well versed with intricacies of bank job and who are not aware of inherent risk of fraud and advances going bad are being made Branch head or Regional Head. 

It is pity that during eighties and nineties, officers in scale I used to get promotion to scale II in ten to 15 years but during last few years officers with hardly ten years of experience are made scale IV or scale V despite the fact that several senior officers are languishing in remote corners.

It is further ironical , disheartening , frustrating and dangerous that unemployed youth who appeared for the examination conducted by  IBPS  for recruiting clerks and officers for various government run banks and who passed the required test have not been given appointment letter despite lapse of a year and more. Due to such callous and casual approach of top officials of banks, not only youth are getting frustrated due to inordinate delay in getting job letter after passing the test conducted by IBPS , but public money deposited in these banks are also subjected to credit risk, operational risk and reputation risk. 

Politicians take credit that they have created employment opportunities in banks and promised several times to give employment to lac or to millions. But it is painful that neither these politicians , nor RBI or GOI take cognizance of delay in giving job letter to those who have already passed the required test and consequent risk to public money parked in these banks or risk arising due to rise in bad debts.

When banks suffer loss due to rise in bad debts or rise in fraud cases, management of banks and Ministry of Finances should be held responsible , accountable and punishable who failed to exercise their duty of planning manpower in unison with branch expansion and plan profitability accordingly. 

It is sin that banks under public sector are booking profit by saving expenses on manpower, they do not give respectable pay hike to working employees and they do not recruit fresh youth to take care of bank and more clearly they are willfully allowing banks to move from bad to worse, To add fuel to fire , existing employees in banks are subjected to work late and to work on Sundays and holidays due to which they are also getting frustrated and becoming victim of various diseases.

Bank job aspirants to protest against delay in hiring-Business Line 18.12.2013

G. NAGASRIDHAR

HYDERABAD, DEC. 17:  

Over 45,000 bank job aspirants who cleared the common written examinations for probationary officers and clerical posts conducted by the Institute of Banking Personal Selection (IBPS) last year are up in arms over the alleged delay in recruitment and lack of transparency.

These candidates, who have joined to form a group, will stage a protest at Jantar Mantar, New Delhi on December 19, the aspirants’ forum said in a statement.

“For the last one year we have been left in the lurch, waiting for jobs. We have been given rankings/scorecards which are valid till March 2014. But only some of them have been given jobs, while over 30,000 are still waiting,” said M.V. Mohan, one of the 15,000 candidates who have qualified for a probationary officer’s post and awaiting appointment.

The aspirants allege that IBPS and banks are not responding to any queries and this is affecting their careers.

http://www.thehindubusinessline.com/industry-and-economy/banking/bank-job-aspirants-to-protest-against-delay-in-hiring/article5470773.ece