"Mr.X:'By 2016, around 70% of the
PSU Bank employees who are in the age group of 55 to 60 years will
retire. So, to fill up the gap, all PSU Banks are recruiting Officers
and Clerks in bulk. But, how many young generation people really feel
motivated to join a PSU Bank which provides the lowest salary among
all the other Government Undertaking Sectors.' Mr.Y:'Indian
Government has to increase the Basic Salary of Bank employees by
around 25% by 2013, otherwise, it will be very difficult to retain
the young officers and clerks in the PSU Banks. If the attrition rate
does not come down, then PSU Banks will be in big trouble in the long
run.'"-Arindam
Sain
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