The Union Government's decision
to induct CEOs from the private sector
to public sector banks is not wise. This will not only affect the morale
of the present executives of the banks but helps to leak out all important
financial dealings of the bank.
At present retired staff of the
public sector banks have a propensity to join private financial institutions serving
latter to discover new financial sources through the account holders of the bank. This will be
intensified by the induction of private executives in key positions of the
bank. Moreover the accountability of the top executives of the bank will be at risk
with private persons at the helm.
In fact, there is no need for
private executives when there are competent management within the bank. In all
probability the move to appoint private CEOs is an unwarranted act to protect
private persons who are the supporters of the ruling party.
-K A Solaman
1 comment:
The problem of information leakage is happening on both sides; it's not a public sector problem. If we are for meritocracy, then there in no need of the division of individual professionals on the line of public and private.. Private and government school salary anomalies can be a nice pointer... Low quality and high pay in govt schools Vs high quality and low pay in private schools!!!
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