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

App aid for healthcare

Courier services and sales teams have soared into efficiency using smartphone apps to monitor deliveries, visits, timeliness and performance. Taking a leaf from their book, Gujarat is equipping accredited social health activists (ASHAs) and midwives with smartphones and an app to bring down infant and ma

Government divests 12% stakes in RITES; IPO opens on June 20

The railway infrastructure consulting PSU, RITES Limited is coming up with its IPO on June 20, 2018, as the government of India is selling its 24 million equity shares (12%) stake in the Mini Ratna PSU. As an initial public offering 25,200,000 equity shares are offered in which employee reservation portion

“This initiative is for future generations”

Speaking to Governance Now, Gujarat chief minister Vijay Rupani elaborates on the Sujalam Sufalam scheme to rejuvenate talavdis and desilt reservoirs and lakes. He also speaks on water, politics, and cons

Water by the pondful

It’s 10 am and in Dhandhuka town of Ahmedabad district, the sun is already scorching. A dry lake, which was desilted and deepened a few weeks back, has been turned into a venue for a fete. Shamianas have been erected, women in bright sarees and men and children in their best clothes flock the venue,

Thugs of Hindustan

This story may sound apocryphal but it was recounted by LK Advani in one of his casual conversations. Talking about Morarji Desai, he said that despite his idiosyncrasies, he was a man of impeccable integrity. To buttress his point Advani recalled this incident: After the Janata Party formed the government

IRCTC listing still lingering despite clearance in 2017

Ministry of railways’ decision of holding the listing of Indian Railway Catering and Tourism Corporation (IRCTC) has exposed its seriousness in listing its public enterprises in stock exchanges. Although the decision was taken one year back, the national transporter does not have a com

Current Issue

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter