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State-owned banks must revamp how employees are assessed - RBI deputy

Gandhi speaks during a business conference in Kolkata  State-owned banks must revamp how employees are assessed - RBI deputy 2015 01 10T104648Z 1 LYNXMPEB09046 RTROPTP 2 INDIA CENBANKKOLKATA (Reuters) – India's state-owned banks need to revamp the process by which they determine employees' performance for better utilisation of talent, a deputy governor of the central bank 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," said Reserve Bank of India (RBI) Deputy Governor R Gandhi speaking at an industry event in Kolkata. …


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