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Attractive salaries for public bank staff from FY18: Vinod Rai

PSBs are facing a talent crunch, and the entry of payments banks are expected to add to this

Dilasha Seth  |  New Delhi 

The Banks Board Bureau (BBB) is working on an attractive compensation package — including bonus, employee stock options plans (ESOPs) and other non-monetary perquisites — for all management levels, to attract the best professional talent in public sector banks (PSBs), chairman Vinod Rai said on Thursday. In a lecture on the occasion of business chamber Assocham's foundation day, Rai said this could apply from the coming financial year.  “Maybe we are not able to do much with the fixed part of the compensation package but on the variable part, we ...

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