PNB Officers Protest "Vengeance" Mass Transfers

The All India Punjab National Bank Officers' Association has formally requested the bank's managing director to reconsider widespread transfer orders for officers of Scale IV and above. These transfers, impacting 1,142 Scale IV officers—approximately one-fourth of the total—are deemed disruptive to the operational performance of Punjab National Bank, the country's second-largest public sector lender.

The union contends that the management's decision disregards established policies and likens the move to an act of 'vengeance' rather than a growth strategy. They highlight instances where previous transfer requests were denied, only for officers to be arbitrarily relocated now. Concerns were also raised for female officers and those nearing retirement, who have been transferred to distant locations, often overlooking family considerations and service timelines.

Furthermore, the association has voiced criticism regarding the bank's performance evaluation system, describing it as faulty. The union stresses that this situation affects the fairness, transparency, and morale of its officers. They have appealed for a revised, humane policy that allows for longer tenures in a circle or zone, suggesting a minimum of six years, to foster stability and maintain officer well-being.