.......Given the earlier requirement of at least two years of remaining service to be considered for chairman's post, only Arundhati Bhattacharya was eligible for the top job at the country's largest bank. To widen the field, the finance ministry sought an exemption for A Krishna Kumar, another SBI MD. The move comes at a time when the government has decided to give a fixed three-year term to the next SBI chairman, who will take over from Pratip Chaudhuri, who retires in a little over a month............
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The casual approach of the government to succession plans for top posts in big PSUs(including PSBs) is a matter of grave concern. The possibility of SBI Chairman’s post falling vacant was known long back. It was reported a few days back that Mr Takru, a new entrant to finance ministry was toying with the idea of inventing norms for selection of candidates for consideration to the post. Takru cannot be blamed as his immediate problem was ‘ensuring compliance with a procedure for selection’ as the eligible candidate, at that point of time was only one. Now, by relaxing norms, number of eligible candidates has gone up. Where are we heading? How long this hide and seek approach can continue?
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