Moving up value chain vital for PSBs in digital age

Citing increased workload, a parliamentary committee said public-sector banks (PSBs) have to be very fast with public dealing besides being absolutely updated on the latest technology.In its latest report, the panel also said the pattern of recruitment examination needs to be changed from time to time taking into account the nature of the work of the bankers so that accuracy and speed of the prospective candidates are properly evaluated.

“The philosophy of speed and accuracy required by bankers are changing from time to time. Around 10 years back, the workload and the nature of work perhaps did not need any speed or accuracy.

But today, speed and accuracy play a very important role owing to the hundreds of central and state schemes being executed by the bankers and the nature of pro-poor schemes launched by the government,” the Department-Related Parliamentary Standing Committee on Personnel, Public Grievances, Law and Justice said.