November 27, 2022

Bankers worry stagnation if WTDs given longer tenure

Stagnation could be demotivating for TMG officers and affect their performance, say experts

Bankers fear stagnation if WTDs given longer tenure

The federal government’s transfer to grant public sector financial institution (PSB) wholetime administrators (WTDs), together with the MD and CEO, a time period as much as 10 years might result in stagnation on the prime administration grade (TMG) in these banks, say consultants.

Whereas PSBs will see secure management on the prime following an modification to the Nationalised Banks (Administration and Miscellaneous Provisions) Scheme, 1970, officers in TMG—basic managers and deputy basic managers—could also be caught in the identical grade for lengthy durations as a result of a…

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