Welcome to SPN

Register and Join the most happening forum of Sikh community & intellectuals from around the world.

Sign Up Now!

General Pmo Raises Questions Over Having Only A Sikh As P&sb Chairman

Discussion in 'Hard Talk' started by kds1980, Jan 24, 2011.

  1. kds1980

    kds1980 India
    Expand Collapse
    SPNer

    Joined:
    Apr 4, 2005
    Messages:
    4,504
    Likes Received:
    2,738
    http://timesofindia.indiatimes.com/...-Sikh-as-PSB-chairman/articleshow/7349905.cms

    NEW DELHI: The Prime Minister's Office (PMO) has raised questions over the practice of reserving the Punjab & Sind Bank (P&SB) chairman and managing director's job for a Sikh despite the bank's nationalization three decades ago.

    In the absence of a senior Sikh banker, the finance ministry is processing the proposal to appoint a Punjab cadre Indian Administrative Service officer to fill up the post that has been lying vacant for six months. In the past too, the government had relied on Sikh bureaucrats to fill up the post when it did not find Sikh executive directors who could be appointed P&SB CMD.

    Sources familiar with the appointment process told TOI that the PMO has asked North Block to explain why the usual process of appointment could not be followed in case of P&SB too. For other banks, a government-appointed panel headed by RBI governor conducts an interview of executive directors of all public sector banks, barring State Bank of India, and those with up to two years of service left are shortlisted for appointment as bank CMDs.

    Since G S Vedi's retirement in June, P&SB has remained without a full-time chairman and the issue of appointing a Sikh to the top post had been questioned last year too. However, in the wake of protests from the community, the government decided to go ahead with the process of looking for a Sikh bureaucrat for the job.

    Bank executives said that while the bank was in safe hands, it was crucial for a bank like P&SB to have a full time CMD at the helm. The bank is the smallest public sector player, which only a few years ago emerged from strain caused by a build up of bad loans. Even now, the entity that recently listed on the stock exchange is yet to completely shift to core banking solutions, which provides anytime-anywhere banking services, and has little to talk about when it comes to having ATMs away from its branches.
     
  2. Loading...

    Similar Threads Forum Date
    India PMO Website to Soon Have Details of Ministers' Assets Breaking News Nov 15, 2010
    Sikh News US Sikh Community Raises Funds For Sikhism Awareness Campaign Breaking News Jul 23, 2016
    Canada New campaign raises awareness about child sexual abuse Breaking News Mar 1, 2014
    Translation: "Servant Nanak has realized God; he sings the Lord's Praises through the actions he doe Intellectual Translations by SPNers Dec 11, 2012
    Hinduism Baba Ramdev Praises Guru Gobind Singh Interfaith Dialogues Apr 24, 2012

  3. kds1980

    kds1980 India
    Expand Collapse
    SPNer

    Joined:
    Apr 4, 2005
    Messages:
    4,504
    Likes Received:
    2,738
    http://news.in.msn.com/national/article.aspx?cp-documentid=4835679

    Demand to have a Sikh as head of P&SB Bank


    New Delhi, Jan 24 (PTI) Former National Commission for Minorities chief Tarlochan Singh today asked the government not to deviate from the practice of reserving the top post of Punjab and Sind Bank for Sikhs after media reported that the Prime Minister''s Office had raised questions in this regard.
    "I request you kindly not to deviate from the promise made by Indira Gandhi and allow to have a suitable Sikh from central services to head the P&SB Bank," he wrote to Prime Minister Manmohan Singh.
    A section of the media reported that the PMO has raised questions over the practice of reserving the Chairman and Managing Director''s post for Sikhs despite the bank''s nationalisation three decades ago.
    He said then Prime Minister Indira Gandhi had assured Sikhs in 1980 that the government will always appoint a Sikh as the CMD to keep the "Sikh character" of the bank after the community protested its nationalisation.
    "For the last 30 years, this assurance has fully been honoured. When there was no suitable Sikh available in the banking cadre, I as Chairman of NCM and MP proposed to the successive Union Finance Ministers to have an appropriate IAS officer to head the bank.
    "I am thankful to Jaswant Singh, P Chidambaram and Pranab Mukherjee who were very kind to agree to continue the existing practise," he said.
    He said the government was committed to helping the minorities and "here is a case which is highly sentimental to the Sikh community." PTI SJY
     

Share This Page