First posting in rural area may become mandatory at public sector banks

First posting at rural branches or offices after recruitment may become mandatory at public sector banks (PSBs). Banks might rework the compensation structure to make rural postings attractive. At present, the pay package has a definite tilt in favour of city and metropolitan areas. These emerged from a brainstorming top managers – chairman and managing directors and executive directors – had over the weekend to position PSBs for today’s highly competitive business environment. They also dwelt on expectation profile, talent building, succession planning, compensation packages, and information technology infrastructure. The two-day conclave was organised by Bank of India. With a thrust on financial inclusion and huge funding for villages under various programme, business opportunities will grow manifold in the rural sector. The ground work for it has to be done now, said the CMD of Mumbai-based bank..................

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