| Query : |
THE RECENT NEWS ABOUT THE OVERWHELMING RESPONSE TO THE VRS OFFERED TO EMPLOYEES OF PNB (2000 ON DAY ONE AND 3000 ON THE NEXT DAY) INDEED THROWS UP A TOTALLY UNEXPECTED REACTION TO A MUCH DISCUSSED OFFER TO THE PSB EMPLOYEES. ONE CANNOT SAY WHETHER THE PNB EXAMPLE WILL HOLD TRUE IN THE CASE OF OTHER BANKS AS WELL, ESPECIALLY BANKS LIKE SBI. HOWEVER THE INDICATION SEEMS TO BE THAT MORE NUMBER OF EMPLOYEES WOULD LIKE TO PUT IN THEIR TOWELS ONCE THE OFFER IS MADE. THIS WILL REQUIRE A TOTAL RE-WORKING OF THE FINANCIALS FOR THE BANKS TO FUND THE SCHEME.
THE GOVERNMENT SHOULD HAVE A RE-THINK ON THE ISSUE AND DECIDE TO FLOAT A SEPARATE FUND, SOURCED FROM LONG-TERM BORROWINGS, TO FINANCE THE SCHEME AT LEAST IN WEAK BANKS. THIS IS THE IDEAL TIME FOR THE PSBs TO CAPITALISE ON THE AVENUE FOR SHEDDING FLAB. MAY BE ONCE THE INITIAL SPURT OF TAKERS SLOW DOWN AND THE EXPERIENC EOF THOSE WHO GO OUT IS KNOWN THE SENTIMENTS MAY TURN . THUS IS MATTER THAT MAY REQUIRE ADDITIONAL THINKING ON THE PART OF BANKERS.
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