TaxTMI 
TaxTMI 
Reservation Policy in Banks
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....eservation Policy in Banks <br>News and Press Release<br>Dated:- 25-11-2016<br><BR>Press Information Bureau Government of India Ministry of Finance 25-November-2016 17:14 IST As per existing reservation policy of Department of Personnel & Training (DoPT) for SCs/STs and OBCs, there is reservation in direct recruitment in lowest rung in officer cadres of Group A post i.e. Middle Management Grad....
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....e Scale-I post. However, based on the guidelines of the DoPT, Public Sector Banks (PSBs) were clarified on 18.02.2014 that concessions mentioned in DoPT's O.M. dated 07.6.2013 will be available to the SC/ST officers in PSBs in promotion by selection to posts within the officer cadre up to Middle Management Grade Scale-III of Grade-C(lowest three rungs in officers' cadres), whichever is applicable.....
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.... There is no reservation of OBCs in promotions. Overall percentage representation of SC/ST vis-à-vis number of employee in Group A in Public Sector Banks/Financial Institutions/Public Sector Insurance Companies (PSBs/FIs/PSICs) is 17.79% and 7.53% respectively, which is fulfilling the condition of percentage of 15% and 7.5% required as per the existing reservation policy of Government of I....
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....ndia. As per existing reservation policy of DoPT, the post of DGM and GM are treated under Senior Management Grade. These posts are filled up on selection basis. Based on the instructions of the DoPT for reservation is available for SCs/STs in PSBs/FIs up to lowest rung of officer cadre Group A. This was stated by Shri Santosh Kumar Gangwar, Minister of State in the Ministry of Finance in writte....
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....n reply to a question in Lok Sabha today. ***** DSM/KA<BR> News - Press release - PIB....