1. Banks may hire retired staff to deal with cash rush: Govt

Banks may hire retired staff to deal with cash rush: Govt

Praising commendable work done by the banking fraternity, it said banks may plan and support the officers and employees working in late hours, particularly the safety and security of women employees, with arrangements for food and conveyance.

By: | New Delhi | Updated: November 15, 2016 10:41 PM
bank, bank staff, bank staff crisis, retired bank staff, bank staff retired, bank retired staff Praising commendable work done by the banking fraternity, it said banks may plan and support the officers and employees working in late hours, particularly the safety and security of women employees, with arrangements for food and conveyance. (PTI)

The finance ministry today asked banks to consider hiring retired employees to deal with the current crisis risen going on at banks across the country. Govt advised the staff to consider engaging retired people to ease pressure on existing staff. The financial services department of the finance ministry, in a letter written to Indian Banks’ Association (IBA), said it should look into issues, particularly employment of retired bank staff and payment of remuneration and instruct the banks suitably at the earliest.
“In the event of extra business hours implemented to cope up with the situation, banks may require to make deployment plan of staff on shift basis so that the same person does not work for continuous long hours,” it said.

The ministry also praised the commendable work done by the banking fraternity. It said that banks may plan and support the officers and employees working in late hours, particularly the safety and security of women employees, with arrangements for food and conveyance. Many employee unions have made representation to the finance ministry and IBA presented the multiple problems being faced by employees and officers on account of implementation of the demonetisation scheme. “We are happy that the government has addressed some of the issues raised by us,” All India Bank Employees’ Association General Secretary C H Venkatachalam said in a statement.

with agency inputs

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