The Bombay high court has rapped the State Bank of India (SBI) for posting a manager abroad at a promised salary and reducing it later. Calling the bank’s decision “wholly arbitrary”, the court has said that on the basis of salary offers, people make life decisions like shifting with family and selecting educational institutes for children. Ravindra Nath was posted to the SBI’s Johannesburg branch in June 2000 and was offered a salary of $1,965 a month. Four months later, he was informed that it was being reduced to $1,300.........
Read - TOI
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