In run up to merger, SBI to sync HR practices with associate banks

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.

Comments

 

Other News

Going generic

While the centre has encouraged drug stores that sell generics (as opposed to branded medicines) under the Jan Aushadhi scheme, states have obtained mixed results in the implementation. In Andhra Pradesh, for instance, there are few stores selling generics, but they are unique in that they are run by all-w

PNB fraud: Former RBI deputy governor had warned about SWIFT

A top Reserve Bank of India official had waved the red flag, a year back, regarding the SWIFT messaging system. SWIFT was used in a fraud amounting to Rs 11,000 crore at a Punjab National Bank branch that benefited billionaire diamond jeweler Nirav Modi.   Former RBI deputy gover

What happened to Anshu Prakash

Delhi chief secretary Anshu Prakash’s claim that he was manhandled by Aam Aadmi Party (AAP) lawmakers in the presence of Delhi chief minister Arvind Kejriwal has kicked up a storm. Here is what transpired on Monday night and the events that unfolded through Tuesday.  

Is banks` messaging system SWIFT secure enough?

Is banks` messaging system SWIFT secure enough?

Modi post Modi: “It is a question of your leadership…”

Diagnosing what ails India’s governance, Bihar chief minister Nitish Kumar used to name three units or offices that are so corrupted that they are beyond redemption: village patwaris, police station darogas and Railways ticket collectors. In his stint as executive head of Bihar, he seems to have incl

Could RTI have saved banks from scams?

Could RTI have saved banks from scams?

Current Issue

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter