F.No.2/19/2004-IR Government of India Ministry of Finance Department of Financial Services Jeevan Deep, Parliament Street, New Delhi-
CEOs of all Nationalized Banks
Subject : Posts of General Managers/Deputy General Managers/Asstt. General Managers in Nationalized Banks guidelines regarding.
(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
(Figures in Crores of Rupees)
|No. of GMs now
|Punjab and Sind Bank||122485||12|
|United Bank of India||170359||13|
|Bank of Maharashtra||170734||13|
|Indian Overseas Bank||366501||24|
|Central Bank of India||402271||26|
|Union Bank of India||475673||29|
|Bank of India||674808||38*|
|Punjab National Bank||700285||41*|
|Bank of Baroda||806696||43|
*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).
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