F.No.4/11/3/2013-IR
Government of India
Ministry of Finance
Department of Financial Services
Jeevan Deep, Parliament Street,
New Delhi, dated the April 4, 2013
The Chairman and Managing Directors of PSBs
Subject: Guidelines for Promotions in Public Sector Banks – 2013-14
I am directed to refer to this Department’s letter number 4/1 1/1/2011-FR dated 14th March, 2012, 3rd May, 2012 and 15th June, 2012 on the subject cited above and to say that the references received from several banks regarding relaxations for promotions for the year 2013-14 have been examined in this Department.
2. It has been decided that Banks can, with the approval of their Boards, provide relaxations, if required, in the guidelines on promotions. Reasons for any such relaxation/deviation must be properly recorded in the minutes of the Board meetings.
3. However, any relaxation/change in the following provisions in the promotion guidelines referred to in para 1 above would require prior approval of the Government:-
