The State Bank of India (SBI), India’s largest Public Sector bank, has urged that all public sector banks PSU’s should be allow to recruit directly from the country’s premier educational institutes like the IITs and the IIMs.
Arundhati Bhattacharya, Chairman of SBI, has stated that the policy of not allowing public sector banks from recruiting the premier institutes should be reconsidered because it is basically the public money that goes into formation of these institutes.
“The public money goes into formation of the institutions like IITs and IIMs. From all of these good institutions, which nurture the best talents of the country, the public sector banks are barred from recruitment,” Bhattacharya said in recent event.
State run banks are barred from recruiting from these institutes as per the directions of the Supreme Court of India. In the apex court’s view, every vacancy in PSU banks must be advertised so as to allow every eligible person to attempt for it.
“Now, what kind of a country actually spends tax payers money and then stops the public sector banks from taking talents from these institutions,” she added.
She further stated that the current policies create an artificial barrier that restricts PSU banks’ access to a level-playing field. If without this the public sector has delivered so much then imagine what we will deliver if we are allowed.