Public Sector Bank Employees To Get Attractive Pay Packages: Vinod Rai
Public sector banks (PSBs) will have far more attractive pay packages with increased bonus, Employee Stock Ownership Plans (ESOPs) and other performances-linked variables in 2017-18, Bank Board Bureau Chairman Vinod Rai said on Thursday.
"By next fiscal we are looking at a far more attractive package for public sector banks with bonus, ESOPs, performance linked variables -- monetary or non-monetary benefits to make it more attractive for professionals to enter PSBs," Rai said here at the 97th Associated Chambers of Commerce and Industry of India (Assocham) Foundation Day.
"We may not be able to change the fixed income but we are looking at making the variable part of the package more attractive," he added.The compensation package of the PSBs needs to be improved in some way, he added.
Rai said that the government is also looking at appointing full-time director or executive director in the PSBs, apart from the post of chairman and managing director (CMD).
