Useful contributions of MSD and Mandhyan

My View on "Need to 're'visit HR in 'Re'serve Bank - V.S. Das,...": 

Many thanks, Dasji. Very interesting views. Hope, more members of the RBI Family (serving or retired) will participate and make this discussion more useful, at least for bringing together some ideas for consideration by the Bank. If my memory serves me right, the earlier comprehensive look at the structure of RBI and management of HR was by the Cadre Review Committee circa late 1960’s. The settlement with trade union/s on combined seniority and decision to make direct recruitment of officers at two levels and certain other HR policy refinements happened around 1969-71. MSD and Mandhyan made useful contributions to improvements in handling HR in RBI. RBI Act needs a relook not only from the monetary policy perspectives, but from the structural aspects of the central bank also. Irritants like indirect interference from finance ministry in day-to-day administration to carrying out mandated roles need to be removed by mutual discussions between RBI and GOI. 

- M G Warrier, Mumbai

Shri V.S.Das, Ex ED, is absolutely right. Is there no better way of providing job delight and professional progress other than promotions and change of designations? Previously in 70's GM's post had a lot of sanctity. Now even PCGMs look like the posts at pedestrian level. Officers with excellent track record, measured and quantified on the basis of performance parameters, may be provided with financial incentives but the sanctity of posts should not be diminished by up gradation/creation of a large number of sine cure posts inconsistent with job responsibilities.This diminishes them in the eyes of the senior executives of the banking sector apart from their own subordinates. We should not imitate the IAS/IPS where more than one third posts are in super time scale and above leading to serious ego hassles/delay in decision making process. If necessary, the scales of pay may be elongated and differential may be paid in the form of higher Grade Pay to the substantive HOD.