Ahead of merger, public sector banks advance promotions and transfers

Ahead of merger, public sector banks who are slated to be merged have advanced the promotions and transfers exercise to the present financial year. Normally public sector banks undertake the exercise in the beginning of financial year.

According to sources, promotions and transfers till scale four at officers’ level for the financial year 2020-21 is being decided by individual banks. Thus for the next financial year, even after the merger, no major changes in terms of transfers and promotions are likely to take place for the merged entity up to a scale four or chief manager. However, beyond scale four,