Platinum Member
171716 Followers
Three holidays for banks next week. Is there a need to cut down on bank holidays?
10.57 AM Mar 30th 2012  | Track
Replies (31)
Guest
oh comeon even pvt banks are there in this country r u forgetting it
10.30 PM Oct 10th 2012
Silver Member
2 Followers
continuous HOLIDAYS MAY BE breaked.
10.13 AM Apr 2nd 2012
New Member
0 Follower
bank employees are also humans, They have family and other responsibilities apart from bank duty,
1.52 AM Apr 2nd 2012
Platinum Member
104 Followers
due to atm and internet transfer work load is reduced to 50%so no question of paying extra money.
3.59 PM Mar 31st 2012
Platinum Member
112 Followers
I agree with your idea of rotation, but paying extra on holidays has a little history. Till 1977, all bank employees used to have a concept of overtime. If they work beyond their working hours, they are eligible for extra pay. The over time pay structure was in a graded structure, with low incentive for first hours and progressing gradually reaching 200% of the salary per hour. Same 200% is the case on holidays. Bank employees used to waste their time during the regular working hours and start their real work only after the start of over time. It has become a big menace in the industry. Unions used to blackmail the management with coersive methods like pen down strike, gherao of the managers etc., Luckly in 1977, during emergency this was banned in all the nationalised banks, except SBI. Eventually even SBI it was banned later. So with this history, we should be wise enough, not to suggest any extra pay, instead employ additional people for that work.
10.07 AM Mar 31st 2012
Platinum Member
1539 Followers
Dear MU jee,

Good Morning. Yes, you have a logic please.

Very regardfully,

Tilak R Sharma
31st Mar 2012*
10.03 AM Mar 31st 2012   |         |  Rated by
Platinum Member
66 Followers
Dear vsrswamy,
you are absolutely right except sunday , all other days banks should work but employees should be compensated for the holidays by rotation.
9.47 PM Mar 30th 2012
Platinum Member
53 Followers
any thing that enhance services must be done...so many holidays are definately not good for service.
4.54 PM Mar 30th 2012
New Member
0 Follower
When IT and Govt., sector are enjoying 2 days holidays in a week; what is wrong in 3 days holidays for all including Banks.
4.52 PM Mar 30th 2012
Platinum Member
1539 Followers
Dear MMB jee,

Yes, there certainly is the need to keep the holidays being available with the banks to the barest minimum. The reason being that, since they essentially deal with the public and other institutions both, three public holildays in the row put them into too much of inconvenience. Government of the day must give a serious thought to this aspect, it being largely public related. However, as an alternative, the so called employees can be given the holiday in split - form there causing no hardship to the account holders.

Tilak R Sharma
30th Mar 2012*
4.11 PM Mar 30th 2012
Platinum Member
18 Followers
Indian calendar is filled with holidays, we are the most under performers in this world, there are so many holidays and every years center or state wants to add more holidays. This is the reason we can never be productive as Japanese or Chinese. We are at the bottom of development ladder and no one is keen to climb the ladder, because of selfish nature of Indian mind set.
4.05 PM Mar 30th 2012
New Member
0 Follower
some times i happens
3.56 PM Mar 30th 2012
Platinum Member
18 Followers
What a huge loss to business and country?
3.52 PM Mar 30th 2012
New Member
0 Follower
Yes. Too many holidays for banks. Pls cutdown on some days and work like pvt limited companies.
3.51 PM Mar 30th 2012
Gold Member
2 Followers
no
3.34 PM Mar 30th 2012
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