Employees at public sector banks (PSBs) have much to cheer, with the
government announcing a series of feel-good steps. Women separated from their
families will now get a preferential treatment in transfers, and next of kin of
the employees who die in service will be provided employment on compassionate
grounds.
The government has also asked the Indian Banks Association to include a
board-approved employee home loan scheme as part of wage negotiations. The
freedom to structure a favourable home loan scheme for employees will help
banks deploy surplus funds and provide a boost to housing.
Preferential transfers will come as a relief to thousands of women bank
employees, but the move could cause some operational upheaval in the short
term.
In a circular to all banks, the department of financial services said
that “female employees when placedtransferred away from their husband or
parents to distant locations face a genuine hardship and develop a feeling of
insecurity”.
It said that banks should as far as possible place or transfer a woman
employee to a place where her husband is stationed or nearby. Similarly,
unmarried women employees should be posted close to their parents’ place.
“PSBs are, therefore, advised to frame a policy on the subject with the
approval of their board suitably incorporating the above and take immediate
action for implementation and compliance.
Pending requests may be considered under these guidelines,” the circular
said.
‘Compassionate employment’ or employment to children or spouses of the
employees who die in service was discontinued after 200405. The finance
ministry circular, addressed to the chairman of the Indian Banks Association,
says that the government has approved the reintroduction of ‘compassionate
appointment’ in public sector banks on the lines of the central government
scheme with effect from August 5. It has discontinued the provision of
ex-gratia payment in lieu of such appointments.
Courtesy:TOI
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