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The Finance Ministry issued several suggestions regarding the transfer policy of banks. The objective of these suggestions is to promote greater transparency in the transfer policy of public sector banks (PSBs). PSBs are also advised to send a copy of the revised policy to this department as soon as possible, the advisory said.
New Delhi. The Finance Ministry issued several suggestions regarding the transfer policy of banks. The objective of these suggestions is to promote greater transparency in the transfer policy of public sector banks (PSBs). According to an advisory issued to heads of PSBs, the Department of Financial Services has asked banks to incorporate these suggestions in their respective transfer policies with the approval of their boards and take immediate action for its implementation from 2025-26.
PSBs are also advised to send a copy of the revised policy to this department as soon as possible, the advisory said. It said the transfer policy has been reviewed to promote greater transparency and create a uniform and non-discretionary policy. These changes include banks automating the transfer process and developing an online process for the same with facilities to give location preference options to employees. Women employees should be transferred to nearby places, stations, areas as far as possible, the letter said.
Disclaimer: Prabhasakshi has not edited this news. This news has been published from PTI-language feed.
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