Public sector banks face acute manpower crisis

............ So severe is this issue that it prompted the Reserve Bank of India to call the 10 years to 2020 as the decade of retirement. In its 2010 report, the Khandewal Committee set up by the government to look into human resources issues in India’s banking industry outlined that over the following 2.5 years the percentage of staff reaching superannuation would reach alarming levels—80% at the general manager level, 65% at the deputy general manager level and 58% at the assistant general manager rank. This reflects a lack of human resource planning at these banks...........

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