Finance Ministry Pushes for New Transfer Policy in PSU Banks

The Finance Ministry has proposed significant updates to the transfer policies of Public Sector Banks (PSBs) to enhance transparency, operational efficiency, and employee welfare.

The move aims to ensure equitable distribution of staff across branches, reduce regional imbalances, and improve work-life balance. The updated policy focuses on leveraging technology for tracking transfer requests and prioritizing employee preferences, especially for women and differently-abled staff. This reform aligns with broader efforts to modernize HR practices in PSBs, fostering a more inclusive and efficient banking ecosystem.