"ROYAL FINANCE MINISTER: ''In this
era of Core Banking Solution, any bank can be merged with any other
bank by using proper migration software and tools. Salaries of Bank
employees can be brought under the Pay Commission Salary Structure of
Central Government.' HERMIT:'Bank Employees Regulations Act can be
amended further to make the professional career of Bank employees
more safe and secure.' KING:'Improve the salary
structure and HR policies of PSU Bank employees. Keep only 5 PSU
Banks; SBI, PNB, BOB, BOI and IDBI. There should not be any 2 banks
within a distance of 5 Kilometres from each other. Every Branch of
any Bank should have at least 4 sub staffs, 3 clerks, 2 officers and
1 scale-II Manager. All Branches should be at least in Semi-Urban or
Urban areas. Extension counters will be opened in remote and rural
areas. Several Bank agents to be recruited to operate those extension
counters for daily financial transactions only. If you can implement
these things as early as possible, then within the next 2 years,
Indian PSU Banks will surely beat some of the leading foreign banks
operating in India in terms of overall performance and net
profitability.'"- Arindam Sain
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