Guidelines For Creating Posts of GMs, DGMs and AGMs in Public Sector Banks

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Guidelines For Creating Posts of GMs, DGMs and AGMs in Public Sector Banks

Rajesh Goyal

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In 2011 and 2012, Ministry of Finance issued certain guidelines for creation and rationalization of posts of GMs, DGMs and AGMs, as GoI felt that banks have been misusing the powers available to them in creation of such posts. Now once again these guidelines have been reviewed and new set of guidelines have been sent to Public Sector Banks. Now in June 2013, MoF has announced the number of posts at the level of General Managers for each bank based on the business mix of the bank as on 31.03.2013. Broadly, these guidelines are as follows:-

For the Banks with Business	Number of GMs

Up to Rs. 1,50,000 crores	Number of GMs is 12

Beyond Rs 1,50,000 crores and less than Rs 4,00,000 crores	One additional GM for every Rs 18,000 crores

Beyond Rs 4,00,000 crores	One additional GM for every Rs 24,000 crores

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Based on above guidelines, MoF has calculated the maximum number of General Managers in each Public Sector Bank based on the business mix as on 31/03/2013. The details of posts of GMs is given below based on MoF guidelines. These guidelines will now be reviewed only based on the business mix as on 31.03.2015 and the ceiling provided below shall remain effective till next review. As per MoF circular, it appears that Punjab National Bank, Canara Bank, Bank of India already have exceeded the number of posts at General Manager level. MoF has allowed them to retain the existing number of General Managers.

The ratio of GM/DGM/AGM shall continue to be as before i.e 1:3:9. Thus, number of posts for DGMs and AGMs have been calculated in this ratio. (However, it may be lower for PNB, Canara Bank and BoI as MoF only says that they have been allowed to retain the number of GMs and not DGMs and AGMs.)

Based on the guidelines, we give below the maximum number of General Managers / DGMs / AGMs that public sector banks will have till 31/03/2015. We hope this will bring transparency in the minds of bankers at senior levels as number of rumors float at the time of promotions etc.

Name of the Bank	Business Mix	No of GMs	No of DGMS	No of AGMS
	As on 31/03/2013
	(Figures in Crores of Rupees)
Punjab and Sind Bank	122485	12	36	108
Dena Bank	163664	13	39	117
Vijaya Bank	167531	13	39	117
United Bank of India	170359	13	39	117
Bank of Maharashtra	170734	13	39	117
Andhra Bank	223934	16	48	144
Indian Bank	249136	18	54	162
Corporation Bank	285359	20	60	180
UCO Bank	305000	21	63	189
OBC	306084	21	63	189
Allahabad Bank	309678	21	63	189
Syndicate Bank	334778	22	66	198
Indian Overseas Bank	366501	24	72	216
Central Bank of India	402271	26	78	234
Union Bank of India	475673	29	87	261
Canara Bank*	599792	38	114	342
Bank of India*	674808	38	114	342
Punjab National Bank*	700285	41	123	369
Bank of Baroda	806696	43	129	387

Total	6834768	442	1326	3978

We have calculated these based on MoF guidelines. Readers are free to give any additional information in the Disqus column below.

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