Industry experts are of the opinion that employees of SBI’s associate banks are not at par with respect to an SBI employee and hence, SBI is looking to address this problem
GN Bureau | May 1, 2014
The biggest victim of a corporate merger and/or acquisition is the human resource pool which shrinks owing to change in HR policies and intensified competition. However, the country’s largest lender, State Bank of India (SBI), which is soon likely to merge with all its associates, has decided to solve this crisis before the deal is sealed.
According to media reports, the bank’s chairman Arundhati Bhattacharya has said that her bank is looking to synchronise its HR practices with those of its associates ahead of the merger. SBI’s associate banks include – State Bank of Hyderabad, State Bank of Travancore, State Bank of Patiala, State Bank of Bikaner and Jaipur and State Bank of Mysore.
"There are certain HR practices adopted by them that are different; so we need to sort of align those before we look at the merger element," Bhattacharya said.
Industry experts are of the opinion that employees of SBI’s associate banks are not at par with respect to an SBI employee and SBI is looking to address this problem.
She further clarified that as far as the technology platform and accounting principles were concerned, the associate banks were already in line with SBI’s practices.
Asked about the timing of the merger, Bhattacharya said that it was not up for immediate consideration and that a decision will be taken after the formation of the next government.
In addition, SBI is also in the process of setting up a 24x7 e-lobby adjacent to branches where all the facilities, including cheque deposits, cash deposits, etc will be available.
The Moral Contagion By Julia Hauser and Sarnath Banerjee HarperCollins, 140 pages, Rs 699 The world has lar
Addressing the Viksit Bharat Viksit Uttar Pradesh program in Lucknow on Monday, prime minister Narendra Modi launched 14,000 projects across the state, worth more than Rs 10 lakh crore at the fourth groundbreaking ceremony of UP Global Investors Summit held in February 2023. The projects relate to sectors
During the four days from Feb 16, more than a thousand birdwatchers throughout India are coming together with the goal of documenting as many birds as possible across the country’s diverse locations. Over one lakh birdwatchers globally participate in the annual Great Backyard Bird Coun
The Central Consumer Protection Authority has sought public comments on the ‘Draft Guidelines for Prevention of Misleading Advertisement in Coaching Sector’. The draft guidelines are placed on the website of the Department of Consumer Affairs and are accessible through the link:
In a landmark judgment, the Supreme Court of India has held the anonymous, unregulated and unlimited funding through electoral bonds and companies as unconstitutional. The five-judge Constitution Bench of the Supreme Court comprising chief justice DY Chandrachud and justices Sanjiv Khanna, B
The world is at the cusp of a revolution based on Industry 4.0 and green technologies, including AI, big data, IoT, EVs, solar power, etc., which offer developing countries the opportunity to leapfrog into economic prosperity. However, India’s gross expenditure on R&D (GERD) still stands at a mea