"On Friday, RBI came out with draft guidelines, proposing to restrict the fixed component of the annual salary hikes of CEOs and wholetime directors of private banks"
WHO will put a CAP or cut wages of the inefficient and highly incompetent CGMs in RBI sitting as limpets and swindling huge public money??To site TWO classic examples:The well-publicised Cheque Truncation Project,the POS enabled NFS Operations, the IT Enabled Financial Inclusion started in a big way by IDRBT Hyderabad were just stopped mostly because of not having any knowledge of the subject and having no expertise in Technology by the TWO RBI CGMs-ONE The Director IDRBT, a glorified Clerk brought from Trivandrum, TWO the CGM DIT who got elevated to CGM Payment Systems and both of them have only one goal of emassing illegal wealth and known for ruining the efficient It enabled Institutes.During their regime NOT a single IT Enabled services good for the Banks and economical for Indian Customers came up and in fact all the existing upcomming projects were scuttled and nipped in the budding stage.
When there is a Black Kettle in your own Kitchen Cutlery, then why talk of cutting wages of Other CEOs who at least brought about an efficient workable activities in Banks unlike their Supervising Regulators in RBI.
Then why NOT adopt a uniform policy and our straight question is Can the Hon’ble Governor RBI dare recommending cutting atleast one increament or shifting them from the present Prime Position which they appear to have purchased.By the way what can be the TIME frames for any CGMs stay in that particular department-Year after year with non-performance how can you risk the DPSS and DBS and DIT-At whose cost and for whose benefit??Why beeing Silent?? Was this information helpful? | 
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