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Posts of General Managers/Deputy General Managers/Asstt. General Managers in Nationalized Banks guidelines

F.No.2/19/2004-IR Government of India Ministry of Finance Department of Financial Services Jeevan Deep, Parliament Street, New Delhi-

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F.No.2/19/2004-IR
Government of India
Ministry of Finance
Department of Financial Services
Jeevan Deep, Parliament Street,
New Delhi-110001.
Dated the June 14, 2013

To

CEOs of all Nationalized Banks

Subject : Posts of General Managers/Deputy General Managers/Asstt. General Managers in Nationalized Banks guidelines regarding.

Sir,

In continuation of this Department s letters No.2/19/2011-IR dated 23.12.2011 and 16.3.2012 on the subject cited above, I am directed to state that after careful consideration, the following parameters have been decided based on the business mix as on 31.3.2013 for determining the posts of GMs :-

(i) The number of GMs in Nationalized Banks will be as under:-

For the Banks with Business Number of GMs
Up to Rs. 1,50,000 crores Number of GMs is 12
Beyond Rs 1,50,000 crores and

less than Rs 4,00,000 crores
One additional GM for every Rs 18,000 crores
Beyond Rs 4,00,000 crores One additional GM for every Rs 24,000 crores

(ii) Accordingly, the number of GMs in respective Banks will be as under:

Name of the Bank Business mix as on

31.03.2013

(Figures in Crores of Rupees)
No. of GMs now

proposed
Punjab and Sind Bank 122485 12
Dena Bank 163664 13
Vijaya Bank 167531 13
United Bank of India 170359 13
Bank of Maharashtra 170734 13
Andhra Bank 223934 16
Indian Bank 249136 18
Corporation Bank 285359 20
UCO Bank 305000 21
OBC 306084 21
Allahabad Bank 309678 21
Syndicate Bank 334778 22
Indian Overseas Bank 366501 24
Central Bank of India 402271 26
Union Bank of India 475673 29
Canara Bank 599792 38*
Bank of India 674808 38*
Punjab National Bank 700285 41*
Bank of Baroda 806696 43
TOTAL 442

*These banks may, however, retain the existing number of GMs.


(iii) The ratio of GM/DGM/AGM shall continue to be as before i.e 1:3:9.

(iv) The guidelines shall henceforth, be reviewed based on the business mix as on 31.03.2015 and the ceiling provided in Para (ii) above shall remain effective till next review.

2. Banks are advised to take appropriate action in the matter with due approval of the respective Board of Directors.

3. This issues with the approval of Secretary(FS).

Yours faithfully,
Sd/-
(Manish Kumar)
Under Secretary to the Government of India
Source: http://financialservices.gov.in/ncapp/Circulars.aspx?ct=B

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