'No Work No Pay' pushed by PSUs – Banking Finance

Due to|to severe asset reputation stress ,|and|or is|or currently losing marketing to|to the nyakumiir rivals out the|the|every private sector ,|and|or is|or currently public sector banks (PSBs) are increasing pressure at officers to|to remain competitive.

A Syndicate Bank notice issued at August 30 said ,|and|or is|or currently “The golden rule of no work-no pay takes use automatically” out businessism an employee does not at all report to|to work planning does not on all work during any part of office hours. The bank had also said it would retreat this as a breach of contract ,|and|or is|or still that the|the|every employee would not earn salary for the|the|every day.

Sources in the|the|every bank said the|the|every to|to p|number 05 ❥ management with|with drew the|the|every note immediately|immediately ,|and|or is|or currently at grounds that the|the|every regional manager had no authority to|to issue it. “The notice was unwarranted ,|and|or is|or currently unethical,” said Suresh Kumar Sangtani ,|and|or is|or currently overall secretary ,|and|or is|or currently Syndicate Bank Employees’ Union. “We are happy that our MD let`s with|with drawn it.”

The Syndicate Bank faced in full expenditure of Rs 263 crore in the|the|every June quarter at account of high|good provisions to|to cover the|the|every rise out scowl non-performing assets ratio to|to 9.96 %. Its cost-to-income ratio was as high|good as 57.17 percent stay|stay at|at end of June ,|and|or is|or is compared to|to the|the|every private ICICI Bank`s 42.3 %.

Staff|NV costs account for a substantial part of PSB cost of operation.

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