https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

Finance Ministry Directs Public Banks to Revamp Transfer Policies for Transparency and Inclusivity

The ministry aims to establish a uniform, non-discretionary transfer policy across all PSBs
Indian Masterminds Stories

The Union Finance Ministry has directed Public Sector Banks (PSBs) to reform their transfer policies by incorporating several measures, with implementation slated to begin in FY26.

The ministry aims to establish a uniform, non-discretionary transfer policy across all PSBs. Banks have been instructed to automate the transfer process and develop an online system, allowing employees to indicate location preferences.

Additionally, the said banks have been advised to prioritize transferring women employees to nearby locations and address employee grievances regarding transfer policy violations in a considerate manner.

The reforms are intended to enhance transparency and fairness in the transfer policies of PSBs, as stated in the ministry’s communication.


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
canara bank
Canara Bank Turns 120: Celebrates Legacy with Zero-Balance Revolution and Digital Innovation
IREDA logo 1
Result: IREDA Reports 31% Surge in Q1 FY26 Loan Disbursements, Loan Book Nears Rs 80,000 Crore, Boosting India’s Renewable Push
Ministry of Coal (resized)
Ministry of Coal to Launch Exploration Module on SWCS Portal: A Major Leap in Digitizing Coal Sector Approvals
CM Mohan
Madhya Pradesh Cabinet Approves Key Development Schemes Under CM Mohan Yadav’s Leadership
MECL_Bids_Farewell_
A Legacy of Loyalty: MECL Bids Farewell to Pulak Kumar Roy After 42 Years of Dedicated Service
Gujarat PSUs
From Mines to Gas: Gujarat Govt-Owned Firms Outperform Sensex, Nifty in Q1 FY26; Cementing State’s Growth Engine Status
Power Grid
POWERGRID Honored with International CSR Excellence Gold Award in London
cm-patel-swagat
Gujarat: Over 3,300 Applications Received in June SWAGAT; CM Bhupendra Patel Orders Strict Compliance on Resolutions
ADVERTISEMENT
ADVERTISEMENT
Videos
Inderjit Singh Air India
Is Air India Carrying The Burden of Split Before Privatisation?
Ex IRS C Rajendiran
Ex-IRS Officer C. Rajendiran Illuminates Thirukkural’s Timeless Wisdom in Exclusive Interview
WhatsApp Image 2025-06-25 at 5.07
Why Has the DGCA Fined Air India Rs 5 Crore Since Privatisation?
ADVERTISEMENT
UPSC Stories
IPS Deepak Meghani
Deepak Meghani, IPS: A Journey of Focus, Failure, and Quiet Discipline
A passionate writer, he has authored several books in Gujarati, ranging from exam strategy guides to...
Sanish Kumar Singh
“If you want it badly enough, you’ll find a way,” Sanish Kumar Singh AIR 8, UPSC IFS 2024 
The real interview, he says, was much more humane. “The board was conversational. The chairman opened...
Raju Wagh
When the Battlefield Became a Study Room and a Dream Took Flight
Amid IED blasts and anti-Maoist operations in Bastar, CRPF Commando Raju Wagh taught village kids, studied...
Social Media
Shailaja Chandra
“Nanis & Dadis Have a Brain”: Former IAS Officer Shailaja Chandra Weighs in on 1970s vs 2025 Life Debate - “This Generation Has It Better”
Responding to Viral Post on Middle-Class Struggles, Ex-Bureaucrat Offers Candid Reflection on Then and...
Tigress Arrowhead
The End of an Era: A Queen Falls - Ranthambore’s Iconic Tigress Arrowhead (T-84) Passes Away at 14, Hours After Daughter’s Relocation
Ranthambore mourns the loss of one of its fiercest and most beloved tigers, Arrowhead, the granddaughter...
Screenshot 2025-06-13 194001
Wild Elephant Disrupts Riverside Picnic, Sparks Debate on Human Encroachment; IFS Parveen Kumar Shares the Video - Watch Here!
Mr. Kaswan used the viral video, which has garnered over 1.5 lakh views, to highlight the risks of human...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
canara bank
Canara Bank Turns 120: Celebrates Legacy with Zero-Balance Revolution and Digital Innovation
IREDA logo 1
Result: IREDA Reports 31% Surge in Q1 FY26 Loan Disbursements, Loan Book Nears Rs 80,000 Crore, Boosting India’s Renewable Push
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
Inderjit Singh Air India
Ex IRS C Rajendiran
WhatsApp Image 2025-06-25 at 5.07
ADVERTISEMENT
ADVERTISEMENT