The retirement age for bank employees should be increased to 65 for
better utilisation of the services of seniors, said INTUC national
president G. Sanjeeva Reddy.
Many officers were joining private financial institutions after their
superannuation and extending quality services. The Public Sector Units
were unable to make use of their services fully as they were retiring by
60, he opined.
Speaking after inaugurating the Eighth Biennial Conference of Union Bank
Officers’ Congress of Andhra Pradesh here on Sunday, Mr. Reddy said the
INTUC was opposed to the disinvestment plans and selling of shares to
private companies from PSUs. He promised bankers of a discussion on
their problems with the Centre.
Vijayawada MP Lagadapati Rajagopal, who attended the conference, said
banks would collapse if NPAs increased, and underlined the need for
prompt payment of loans borrowed by bigwigs.
Advice to seniors
Union Bank of India Staff College Principal P.S.N.M. Sarma said the bank
recruited 5,500 employees in the last five years. But, the young
officers were leaving the organisation as private financial institutions
were offering good salary. The senior officers in banks should change
the mindset of the fresh recruits and prevail upon them to stay in the
organisation and help in the growth of business, said UBI Hyderabad
Deputy General Manager M.N. Teppalwar. The officers appealed to the
INTUC president to raise voice on behalf of the All India Union Bank
Officers’ Congress (AIUBOC) on wage revision in the proposed bipartite
talks.
Mr. Sanjeeva Reddy along with the MP and the bank officers released the
‘service rules’ book of the UBI. Later, they felicitated the branch
officers of various districts. Bank officers from the neighbouring
States also attended the conference.
AIBUOC president Syed Allbaksh, AP unit president M.M. Bhaskara Rao,
general secretary V.V. Ramana, DGMs I.C. Amruth Kumar, D.V. Gupta, and
K.L. Raju, and retired officers participated.
Source: www.thehindu.com
[http://www.thehindu.com/news/cities/Vijayawada/call-to-increase-retirement-age-of-bank-employees-to-65/article4377886.ece]
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