The tests are part of a rigorous
three-stage selection process which includes background check and
personal interviews, reported a leading financial daily.
The Reserve Bank of India has engaged
global management consulting firm Hay Group to shortlist managing
director and CEOs for five PSBs including...
Punjab National Bank and Bank of Baroda.
Punjab National Bank and Bank of Baroda.
There are about 50 candidates in the
fray.
"The psychometric tests are to
analyse the leadership qualities, situational judgment capability and
overall personality traits," the newspaper quoted top executives
as telling.
The psychometric test lasts around four
hours and includes questions such as the biggest setback in the
candidate's life and how he or she dealt with it.
Earlier this year, the government had a
the government had approved new norms for selection of MD & CEO
for five PSBs, paving the way for appointment of private sector
candidates on flexible salary packages. Bank of India, Canara Bank and IDBI Bank are the other lenders in the list.
In April, the government relaxed
eligibility criteria with regard to age and experience of applicants.
While the age limit has been increased to 57 years, from 55 years
earlier, the mandatory board-level experience for experience for the
applicants has been reduced to one year, from three years.
The three-stage appointment process
will start with screening and shortlisting of candidates based on the
experience and eligibility conditions. "Candidates duly
recommended by the screening agency will be called for the
interview," the ministry had said in its notification.Candidates will be eligible to apply for the vacancy in one or
all five banks, it noted.
In 2014, a committee was set up to
examine the selection process to the posts of CMDs and executive
directors of PSBs for 2014-15. This followed the arrest of the then Syndicate
Bank chairman and managing director SK Jain by
the CBI for allegedly accepting bribes of
Rs 50 lakh to enhance the credit limit of some companies.
The government then cancelled the
appointments of eight CMDs and 14 executive directors of state-run
banks made by the previous UPA government. UPA government. This was
followed by management reforms of PSBs and it was decided to split
the post of chairman and managing director-cum-CEO.
The government then appointed MD &
CEOs of United Bank, Oriental Bank of Commerce, Vijaya Bank and
Indian Overseas Bank.
These tests may be extended to all PSUs. The NIACL is perhaps spending more money on lawyers and courts, while trying to deny a small amount of legitimate dues to its ex-employee. Lookz.in/nia/pe.pdf
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