Government of India has increased the number of GM’s in Nationalised Banks. ( CGM posts discontinued )

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Government of India has increased the number of GM’s in Nationalised Banks. ( CGM posts discontinued )

Government of India has increased the number of GM’s in Nationalised Banks. ( CGM posts discontinued )

The Government of India has increased the number of GM’s in Nationalised Banks.    ( CGM posts discontinued )
Ministry of Finance vide its circular dt.22.02.2016 has increased the posts of General Managers in various Public Sector Banks.  The details are as follows
Name of The BankExisting GM’sProposed  No of GM,sTotal Business
In Crores
Punjab & Sindh Bank12121,51,511
United Bank of India13131,77,888
Dena Bank13141,96,565
Vijaya Bank13152,14,035
Bank of Maharashtra13152,23,329
Andhra Bank16182,84,588
Indian Bank18192,98,057
Corporation Bank20213,47,054
Allahabad Bank21213,46,519
Oriental Bank of Comm21223,52,049
UCO bank21223,66,149
Syndicate Bank22254,61,192
Indian Overseas Bank24254,25,090
Central Bank of India26264,50,539
Union Bank of India29305,79,627
Canara Bank38398,08,777
Bank of India38419,43,633
Punjab National  Bank41418,81,913
Bank of Baroda434610,54,840

No of GM’s are decided as per the following formula
Total Business of BankNo of General Managers
Business upto Rs.1,60,000 croresNo of GM’s    12
Business beyond Rs.1,60,000 crores but below Rs.4,00,000 croresOne additional GM for every Rs.20,000 crores
Business Beyond Rs.4,00,000 croresOne additional GM for every Rs.28,000 crores

With regard to the other executives i.e DGM’s and AGM’s , Government has  the ratio should be 1:3:9 ( GM,DGM,AGM )
Further with immediate effect Ministry of Finance has instructed banks to discontinue the practice of re-designating the senior GM’s as  CGM. ( Chief General Manager )

Government of India has increased the number of GM’s in Nationalised Banks. ( CGM posts discontinued )

The Government of India has increased the number of GM’s in Nationalised Banks.    ( CGM posts discontinued )
Ministry of Finance vide its circular dt.22.02.2016 has increased the posts of General Managers in various Public Sector Banks.  The details are as follows
Name of The BankExisting GM’sProposed  No of GM,sTotal Business
In Crores
Punjab & Sindh Bank12121,51,511
United Bank of India13131,77,888
Dena Bank13141,96,565
Vijaya Bank13152,14,035
Bank of Maharashtra13152,23,329
Andhra Bank16182,84,588
Indian Bank18192,98,057
Corporation Bank20213,47,054
Allahabad Bank21213,46,519
Oriental Bank of Comm21223,52,049
UCO bank21223,66,149
Syndicate Bank22254,61,192
Indian Overseas Bank24254,25,090
Central Bank of India26264,50,539
Union Bank of India29305,79,627
Canara Bank38398,08,777
Bank of India38419,43,633
Punjab National  Bank41418,81,913
Bank of Baroda434610,54,840

No of GM’s are decided as per the following formula
Total Business of BankNo of General Managers
Business upto Rs.1,60,000 croresNo of GM’s    12
Business beyond Rs.1,60,000 crores but below Rs.4,00,000 croresOne additional GM for every Rs.20,000 crores
Business Beyond Rs.4,00,000 croresOne additional GM for every Rs.28,000 crores

With regard to the other executives i.e DGM’s and AGM’s , Government has  the ratio should be 1:3:9 ( GM,DGM,AGM )
Further with immediate effect Ministry of Finance has instructed banks to discontinue the practice of re-designating the senior GM’s as  CGM. ( Chief General Manager )



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