Union Finance Minister Nirmala Sitharaman has approved an increase in the number of Chief General Manager positions in nationalised banks from 80 to 144. Additionally, the number of General Manager posts will rise from 440 to 576, Deputy General Manager positions will increase from 1,320 to 1,728, and Assistant General Manager roles will expand from 3,960 to 5,184. These additional vacancies are set to take effect on April 1, 2025, and will be filled in a staggered manner.
According to a statement from the Finance Ministry, this enhancement of senior management positions is expected to improve oversight and enhance the ability to identify and mitigate risks in an increasingly complex financial environment.
