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LATEST BANK CIRCULAR 

 

Circular To All Branches / Offices

Circular No.CHO/POS/06/2009                                                                 Dated 27.07.2009 

 

 

Sub.: Monthly Reimbursement of Business Development Expenses to Branch Heads

 

 

Now a days to garner new business, the Branch Heads are facing lot of competitions from peer Banks. Whereas, the Branch-heads often experience limitations in entertaining Bank’s clientele within their entitlement for reimbursement of Entertainment Expenses. In this connection, the Board of Directors of the Bank in its meeting held on 26.06.2009 has approved monthly reimbursement of Business Development Expenses to the Branch Heads of different category Branches to the following extent to enable them to take forward Bank’s business plan in a more vigorous manner.

 

Sl. No. Posts Limit for monthly reimbursement of Business Development Expenses
1

 Head of Small and Medium sized  branch

 Rs.500/-
2

 Head of Large Branch

 Rs.1,000/-
3

 Head of Very Large Branch

 Rs.1,500/-
4

 Head of EL I Branch

 Rs.2,000/-
5

 Head of EL II Branch

 Rs.3,000/-

 

Monthly reimbursement of “Business Development Expenses” will be permitted by the immediate higher authority i.e. Zonal Manager. Where the Branch Head and the Zonal Manager are in the same grade/scale, the reimbursement will be the permitted by the concerned Field General Manager. The aforesaid reimbursement will not be applicable in the case of Service Branches where business development is not called for.

 

The monthly reimbursement of Business Development Expenses to Branch Heads will be effective from 1st JULY 2009. This scheme will be reviewed every six months to assess its impact on the performance of the Branch Heads. The first review will be undertaken in the month of January, 2010.

 

Branches / Offices are advised to take a careful note of the above and act accordingly.

 

         Sd/-

General Manager

Personnel Services

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

                                              

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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