SBI chief says bankers being paid poorly.
Global Banking News-December 11, 2014--SBI chief says bankers being paid poorly
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Global Banking News - 11 December 2014
The head of State Bank of India (NSE: SBI) has said that bankers were paid very poorly in India.
Arundhati Bhattacharya, head of SBI, said that there is an urgent need to provide better remuneration to attract good talent. Bankers are paid poorly in India when compared to their counterparts elsewhere in the world, she said.
She said, 'Let me start with income of banking professionals in India. Here, 70 percent of the banks are in public sector and they are paid very very poorly compared to market. We are very blessed in that. SBI has invariably had very good quality board. But that may not be true across (other banks') board. One of the reasons is very low remuneration that is given to the board directors.'
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