At least ten public sector banks have been functioning without full-time chairmen and managing directors and executive directors for the last three months.
While the interviews were conducted recently to fill these posts, orders have not been issued. This has caused anxiety in the banking circle, said All India Bank Employees’ Association, General Secretary C.H. Venkatachalam.
If the Prime Minister and Finance Minister were serious about achieving the target of reaching every section of the people through their recently-launched initiative such as Jan Dhan Yojana, then these posts had to be filled up immediately, he said in a letter to the Prime Minister Narendra Modi on Friday.
According to him, at least six public sector banks do not have chairmen and managing directors. These includes United Bank of India, Canara Bank, Syndicate Bank, Bank of Baroda, Indian Overseas Bank and Oriental Bank of Commerce.
The post of second executive director has to be filled up in Allahabad Bank, Andhra Bank, UCO Bank and Union Bank of India (third position).
“Almost all these positions have remained vacant for three to five months, except Syndicate Bank chairman and managing director, S.K. Jain, who was suspended on August 2. What is the problem in filing these posts? A few more top posts are set to fall vacant by end-December and this will aggravate the situation,” Mr. Venkatachalam said.