Press Information Bureau

Government of India

Ministry of Finance

11-May-2012 17:59 IST

Khandelwal Committee Report

Government constituted a Committee on Human Resources issues of Public Sector Banks (PSBs) under the Chairmanship of Dr. A.K. Khandelwal, who has submitted its report. The Committee made 105 recommendations on matters related to Manpower and Recruitment Planning, Training, Career Planning, Performance Management, Reward Management, Succession Planning and Leadership Development, Motivation, Professionalisation of HR, Wages, Service Conditions and Welfare, etc. As 49 recommendations required further deliberations, the remaining 56 recommendations were forwarded to PSBs with the request that an HR Plan for each Bank be prepared and got approved by the respective Board of Directors. The representatives of Workmen Union/ Officer Association are on the Board of Directors of the Bank where a decision on various recommendations is taken.

This information was given by the Minister of State for Finance, Shri Namo Narain Meena in written reply to a question in the Lok Sabha today.

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DSM/SS/SL

Human resources reform: committee recommendations sent to banks requiring bank-level HR plans and board approval. The Khandelwal Committee issued 105 human resources recommendations for Public Sector Banks; 56 recommendations were sent to banks requiring each bank to prepare an HR Plan and secure Board of Directors approval, while 49 recommendations required further deliberation. The release records that workmen union and officer association representatives serve on bank boards and take part in decisions on these recommendations.