Table of Contents
- 1 Are Govt banks better than private banks?
- 2 Which 2 Public sector banks will be Privatised?
- 3 Why private sector banks are better?
- 4 What is DGM in bank?
- 5 What happens to employees when a PSU is privatised?
- 6 What is the salary structure of a Private Bank PO?
- 7 What is the part wage arrear for public sector banks?
- 8 Which is the most sought-after job in the banking sector?
Are Govt banks better than private banks?
Public sector banks are known for their better organizational structure and greater penetration in the customer base. The work environment is also relatively less competitive as compared with privately-owned banks and professionals often do not have to focus on meeting targets and being the best performer in a team.
Which 2 Public sector banks will be Privatised?
NITI Aayog submits names of 2 PSU banks to be privatised to Core Group of Secretaries. People in the know said that Bank of Maharashtra and Central Bank are the top two candidates that have been favoured for privatisation.
Why public sector banks are important?
In India, public sector banks play a dominant role in extending loans and collecting deposits, although over the years competition has substantially increased due to the emergence of the private sector and foreign banks.
Why private sector banks are better?
The private banks have a better net interest margin (3.4 per cent vs 2.4 per cent for public banks); lower costs (a wage bill that is 8.7 per cent of income, compared to 13.8 per cent for public banks); and therefore, continuing profitability even as public banks have lost money for the last five years.
What is DGM in bank?
Average Deputy General Manager Salary in India.
Which banks are not going to be privatised?
Also, State Bank of India is not being privatised. This leaves the room open for only six banks – UCO, IOB, Central Bank, Bank of Maharastra, Punjab and Sind Bank, and Bank of India for privatisation. The selection was from among this list. The government has infused Rs 5,500 capital in the Punjab and Sind Bank.
What happens to employees when a PSU is privatised?
Are PSU employees fired after privatisation? According to these provisions, the new owner of the privatised PSU cannot retrench or fire employees within a year of the closing date of the transaction.
What is the salary structure of a Private Bank PO?
The Private Bank PO salary structure is almost similar to the public sector in terms of the payscale components. However, the salary structure differs in the pay scale which is quite lesser compared to the public sector banks. The basic pay of a Private Bank PO is around Rs.35,000/- which differs from bank to bank.
What is the salary of a clerk in a private bank?
The basic pay in the clerical cadre of a Private Sector Bank is around Rs.18,000/- to Rs.20,000/-. Apart from basic pay, each employee in this cadre is entitled to various allowances. The IBPS RRB bank post has divisions such as office assistants, officer scale I, II & III. Below are the salary structure for these posts.
What is the part wage arrear for public sector banks?
The part wage arrear is like a Diwali bonanza for the employees of public sector banks as there is a 12\% wage revision amounting to a sum of close to Rs. 50,000/- to Rs.100000/-. For other latest notifications regarding the bank exams, candidates can visit the linked article.
Which is the most sought-after job in the banking sector?
For this reason, aspirants seeking jobs in the banking sector, find the PO (Probationary Officer) post as the most sought-after job with fruitful career growth option. A Probation officer (PO) is an Assistant Manager of Scale I in the bank.