Letters to the editor

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Published: June 1, 2015 12:18:39 AM

Towards better HR in banks

Towards better HR in banks
Apropos of the editorial “What about efficiency?” ( May 27). While the banking industry, more particularly the government-owned banks, have been under sever stress due to their discouraging performance in business growth, their low profit margins, and their rising non-performing loans, the additional burden on account of the recent wage revision needs serious in-depth analysis to find out ways to improve the efficiency and productivity of banks. The boards of the banks need to be proactive in improving the quality of the human capital, and concentrate on proper deployment to get optimum productivity. Currently, despite having advanced technology, the cost of manpower is not softening. Banks must look at reassessment of responsibilities and accountabilities at all levels, down the line from the board itself, and measures need to be implemented to encourage the human capital to undergo for a positive attitudinal change and make it work with a sense of ownership of  the organisation. At a time when the banking industry faces rising costs on account of manpower and funds, the unions need to rise to the occasion with a positive attitude to deliver optimum performance to enhance the credibility of the banking industry.
VSK Pillai
Kottayam

Rate cut looks possible
Apropos of the edit “Growth remains fragile” (May 30), the clamour for a rate cut is beginning to gain momentum once again, and the possibility of a rate cut by a minimum of 25 basis points is looking bright—may be even before outside the policy cycle or on the scheduled date of monetary policy review on June 2. Few banks did respond to earlier cuts and more are following suit. Much will, therefore, depend on how aggressive banks are in terms of expanding their credit portfolio. Unseasonal showers have caused havoc and forecast of deficient monsoons are factors worrying to bring inflation back into focus. Concerns are also raised about the need to prop up the growth rate and boost the cycle of investment. Developments across the globe, if not disturbing, are concerning and that also has to be factored in. As in the past, RBI Governor will have the onerous task of balancing the issues confronting well within the available constraints and yet manage to keep the wheels of economy rolling.
Srinivasan Umashankar
Nagpur

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