Female bank staffers may soon get transfers of their choice

Image
Press Trust of India New Delhi
Last Updated : Aug 17 2014 | 11:55 AM IST
Female employees of public sector banks will soon be entitled to a major benefit of getting transfers of their choice.
The Finance Ministry has asked the banks to formulate women-friendly transfer policies so that they can get transfers at places where their husbands are working or parents are living.
The Department of Financial Services, sources said, has asked Public Sector Banks (PSBs) to formulate transfer and posting polices in such way so as to minimise "hardship" of women employees.
"...It has been decided to accommodate as far as possible placement/transfer of married employees, on her request, at a place where her husband is stationed or as near as possible to that place or vice versa," said a communication of the Department to head to PSBs.
In case of unmarried female employees, the banks have been
asked to accommodate them "at a place where their parents" are stationed or as near as possible.
While giving directions to PSBs, the Department said it has come to its notice that female employees, both married and unmarried, "when place/ transfered away from their husband or parents...To distant locations face a genuine hardship or develop a feeling of insecurity".
There are 27 PSBs, including the latest Bharatiya Mahila Bank. Of the nearly 8 lakh employees in PSBs, about 2.5 lakh are females.
The PSBs have been asked to frame the policy in this regard with the approval of their Board and "take immediate action for implementation and compliance".
Also, they have been asked to consider pending requests under the new guidelines.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 17 2014 | 11:55 AM IST

Next Story