Chennai: Executive Directors (ED) of the nationalized banks should be considered for the post of Deputy Managing Directors (DMD) in the State Bank of India, an All India Bank Employees’ Association (AIBEA) official said. “There should be a two-way traffic of executives between SBI and nationalized banks. The EDs of nationalized banks are equivalent to the DMDs in SBI so that there are fair play and parity,” C.H. Venkatachalam, AIBEA General Secretary told IANS. The Centre on Wednesday announced the appointment of Managing Directors (MD) of 10 nationalized banks. Five of them were DMDs in SBI.
Venkatachalam said that the DMD posts in SBI were filled through internal promotions and General Managers of nationalized banks were not considered for these posts. On the appointment of five DMDs of SBI as MDs of different nationalized banks, he said: “One wonders whether it is due to a dearth of talent in the nationalized banks or due to an abundance of talent in SBI or is there some other reason which does not meet the normal eye.” Venkatachalam said SBI too was suffering from huge bad loans including that of Kingfisher Airlines. He expressed concern over the non-appointment of Workman Director and Officer Director in all the 20 public sector banks. (IANS)