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Careers & Jobs => Current Business News => Topic started by: Sora on February 28, 2016, 10:33:19 PM

Title: GM post increased in Public Sector Banks
Post by: Sora on February 28, 2016, 10:33:19 PM
GM post increased in Public Sector Banks..The Government of India has increased the number of GM’s in Nationalised Banks.
No of GM’s are decided as per the following formula

Total Business of Bank and No of General Managers

Business upto Rs.1,60,000 crores   No of GM’s    12

Business beyond Rs.1,60,000 crores but below Rs.4,00,000 crores   One additional GM for every Rs.20,000 crores

Business Beyond Rs.4,00,000 crores   One additional GM for every Rs.28,000 crores
 

With regard to the other executives i.e DGM’s and AGM’s , Government has  the ratio should be 1:3:9 ( GM,DGM,AGM )