Posts of GMs/Deputy GMs/Asstt. GMs in Nationalized Banks – guidelines regarding.

F.No.2/19/2004-IR
Government of India
Ministry of Finance
Department of Financial Services

Jeevan Deep, Parliament Street,
New Delhi-110001.
Dated the June 14, 2013

To
CEOs of all Nationalized Banks

Subject : Posts of General Managers/Deputy General Managers/Asstt. General Managers in Nationalized Banks – guidelines regarding.

Sir,
In continuation of this Department’s letters No.2/19/2011-IR dated 23.12.2011 and 16.3.2012 on the subject cited above, I am directed to state that after careful consideration, the following parameters have been decided based on the business mix as on 31.3.2013 for determining the posts of GMs :-

(i) The number of GMs in Nationalized Banks will be as under:-

For the Banks with Business Number of GMs
Up to Rs. 1,50,000 crores Number of GMs is 12
Beyond Rs 1,50,000 crores and less than Rs 4,00,000 croresOne additional GM for every Rs 18,000 crores
Beyond Rs 4,00,000 croresOne additional GM for every Rs 24,000 crores

(ii) Accordingly, the number of GMs in respective Banks will be as under:

Name of the Bank Business mix as on 31.03.2013
(Figures in Crores of Rupees)
No. of GMs
now proposed
Punjab and Sind Bank122485 12
Dena Bank16366413
Vijaya Bank 16753113
United Bank of India 17035913
Bank of Maharashtra17073413
Andhra Bank 223934 16
Indian Bank249136 18
Corporation Bank 285359 20
UCO Bank 30500021
OBC306084 21
Allahabad Bank 30967821
Syndicate Bank334778 22
Indian Overseas Bank 366501 24
Central Bank of India402271 26
Union Bank of India475673 29
Canara Bank599792 38*
Bank of India67480838*
Punjab National Bank 700285 41*
Bank of Baroda806696 43
TOTAL 442
*These banks may, however, retain the existing number of GMs.

(iii) The ratio of GM/DGM/AGM shall continue to be as before i.e 1:3:9.

(iv) The guidelines shall henceforth, be reviewed based on the business mix as on 31.03.2015 and the ceiling provided in Para (ii) above shall remain effective till next 
review.

2. Banks are advised to take appropriate action in the matter with due approval of the respective Board of Directors.

3. This issues with the approval of Secretary(FS).

Yours faithfully,
sd/-
(Manish Kumar)
Under Secretary to the Government of India
Copy to (i). All Government Nominee Directors (ii) Website of DFS.

Source: www.financialservices.gov.in
[http://financialservices.gov.in/download.asp?rec=265&NotificationType=C]


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