• Investment World
• eWorld
• Catalyst
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest

Rajalakshmi Menon

MUMBAI, Feb. 4

STATE Bank of India (SBI) has suddenly woken up to the fact that its top management is not getting any younger and that there is an urgent need to infuse some "young blood'' into the organisation.

To bring down the average age profile of officers, a "fast-track promotion strategy'' is being formulated whereby capable and efficient officials will be given quicker promotions to the senior management level instead of having to stagnate at the lower and middle management levels.

The bank is planning to have an additional channel of promotion by which officials from Scale II to Scale V would be promoted on the basis of a written examination, group discussion and an interview, besides the routine performance appraisal.

This gives the bank the opportunity to promote officers more quickly on the basis of their performance in the examination and the other tests.

Typically, in an organisation like SBI, by the time an official is promoted to the level of a Deputy General Manager (DGM) or Scale VI, he is already 40-45 years, provided he has not missed any promotions.

With this additional channel, an officer clearing the exams could be promoted to the post of a DGM by the time he reaches the age of 35, effectively shortening the process by around 5-7 years.

Send this article to Friends by E-Mail

Stories in this Section
RBI Report on Currency and Finance, 2000-01 -- Policy-makers vs econometricians

Copyright © 2002, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line