State-Owned Banks Must Revamp How Staff is Assessed: RBI

Kolkata: India's state-owned banks need to revamp the process by which they determine employees' performance for better utilisation of talent, Reserve Bank Deputy Governor R Gandhi said on Saturday. "Currently, the PAS (performance appraisal system) makes no meaningful distinction between individuals for identifying or deploying talent, skill and/or specialisation; nor does it guide determining compensation," Mr Gandhi said whil...