Government constituted a Committee on Human Resources
issues of Public Sector Banks (PSBs) under the Chairmanship of Dr. A.K.
Khandelwal, who has submitted its report. The Committee made 105
recommendations on matters related to Manpower and Recruitment Planning,
Training, Career Planning, Performance Management, Reward Management,
Succession Planning and Leadership Development, Motivation,
Professionalisation of HR, Wages, Service Conditions and Welfare, etc.
As 49 recommendations required further deliberations, the remaining 56
recommendations were forwarded to PSBs with the request that an HR Plan
for each Bank be prepared and got approved by the respective Board of
Directors. The representatives of Workmen Union/ Officer Association
are on the Board of Directors of the Bank where a decision on various
recommendations is taken.
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