Senior officers of many public sector banks have issued circulars to their employees. It has been said in these that to take advantage of the new business opportunity, the employees need to work even on holidays. A bank has asked its employees to work till late evening.
Competition has increased a lot to increase business in banks. Some public sector banks (PSU Banks) have issued a special order to their employees regarding their functioning. In this, they have been asked to work hard to meet the target. This is believed to be a sign of increasing work pressure on bank employees. Employees have also been asked to work during holidays and weekends. Moneycontrol has seen this circular of the banks. This circular has come at a time when the discussion about five days week for work in banks started.
Instructions to work even on holidays
The Delhi-based Divisional Head Office of Punjab National Bank (PNB) has issued a circular. It was sent to all branch heads. It was said that the bank is going to start a campaign on March 5 (Sunday). Its purpose is to generate leads for MSMEs. In this, all branch heads and employees were asked to visit potential customers and collect leads for MSME and retail sector lending. It was also said that SSME and retail loans are very important for our bank. These help in earning a sustainable source of income by way of interest and fees. This also helps the bank to meet the priority sector lending target and enhance financial inclusion.
Increased pressure to achieve the target
“To support this campaign, you are requested to visit all potential customers with your team on 05.03.2023. You may bring good number of MSME/Retail leads,” PNB’s circular said. A similar circular was issued by the Bhogarai branch of UCO Bank in Odisha. In this, all the employees were asked to work every day (except Holi) in March. In this circular issued by the Senior Branch Manager, it was said, “It is our prime responsibility to take the branch and the bank forward in such difficult times when growth is visible and it is possible for us to achieve our targets. We are in the last month. We are far behind our target. Especially in CASA and Advances, we are lagging behind in every segment.”
Instructions to senior officers to work till night
Similar instructions have also been issued by Indian Bank for the employees. A person with knowledge of the matter said on the condition of anonymity that the bank has told the employees that each one of us needs to make a special effort to achieve the targets given to us. The bank has asked its employees to work till late in the evening. A source said that zonal officers are asking senior branch officers to work till late night.
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