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Business EconomyPosted at: Sep 15 2021 2:35AM


AIBEA draws attention of Nirmala over filling up vacant posts of Directors in Nationalised Banks

Hyderabad, Sep 14 (UNI) All India Bank Employees' Association (AIBEA) has drawn the attention of Finance Minister Nirmala Sitharaman for taking expeditious measures to direct the concerned authorities to ensure filling up of all vacant posts of Directors in the Nationalised Banks.
In a letter to Ms Nirmala tonight, a copy of which was marked to Reserve Bank of India (RBI) Governor Shaktikanta Das, AIBEA General Secretary Ch Venkatachalam said You are kindly aware that all the Nationalised Banks are being managed and administered by the respective Board of Directors of these Banks.
The constitution of the Boards of Directors of these Banks is governed by the provisions of Section 9 of The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 and Nationalised Banks (Management and Miscellaneous Provisions ) Scheme, 1970 thereunder.
He said these Boards of Directors of the Banks consist of Directors like Chairman, Managing Director and Executive Directors as well as persons representing Government, Reserve Bank of India and importantly representing various interests and fields including the employees and officers of the Banks.
Mr Venkatachalam said every post of Director representing different fields and interests is very very important as envisaged in the Act.
But we observe that many of the posts of these Directors in various Banks remain vacant, he said.
We have been repeatedly pointing out that the posts of Workman Employee Director representing the employees and Director representing Officers have been unfilled and remain vacant for the past 7 years.
It will be appreciated that keeping such important posts of Directors of the Banks vacant and without filling up the same defeat the very purpose for which these posts were envisaged and created to take care of the varied interests and fields of banking operations of the Banks.
It also runs counter to the much-professed principles of good governance.
We may point out that the posts of Workman Director and Officer Director representing the employees and officers of the Banks were incorporated in the Scheme since inception in 1970 and the same were being filled up for 44 years without interruption.
However, from 2014, ever since the BJP-led NDA Government took over at the Centre, these posts remain vacant, he pointed out.
The AIBEA General Secretary said out of the 11 Nationalised Banks, All India Bank Employees Association (AIBEA) is the verified Representative Union and we have submitted the panel of names to the concerned Banks and the Government as prescribed in the Scheme but none of them have been appointed as Directors all these 7 years.
We learn that all the names submitted by our Association for the purpose of appointment as Workman Directors have been duly recommended by the concerned Banks to the Department of Financial Services in the Ministry of Finance, Government of India and all these proposals and recommendations are pending consideration by the Government.
Thus, Mr Venkatachalam said, all the Boards of the Banks do not have these Workman and Officer Directors.
Similar is the position in State Bank of India where also the posts of Workman Director and Officer Director are unfilled.
Further as pointed and detailed above, many other posts of Directors are also kept vacant and Banks’ Boards are functioning with skeletal strength, he added.
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