Vijay C Roy
Tribune News Service
Chandigarh, May 16
In a ‘carrot and stick’ approach to deal with lacklustre performance of some of the banks in implementing social and government schemes in Punjab, the state government has suggested ranking system on the lines of ease of doing business.
Under the programme, the state government is mulling over incentivising the banks for their good performance by giving more business while the bad performers will be devoid of government’s business.
The conceptualised system, if implemented, will be the first-of-its-kind initiative in the country, as currently banks are not ranked according to state-wise performance. Banks in the state performed poorly in implementing the schemes such as Pradhan Mantri Awas Yojna (PMAY), Housing for All by 2022, Atal Pension Yojna and opening of accounts under Self-Helf Groups.
“During deliberations with bankers at the State Level Bankers Committee (SLBC) meet, we found that many of the banks have casual approach towards implementing the government schemes. Despite disparity in performance, they are getting almost similar business from the state. We have decided to incentivise the banks that rank better in performance by giving them more business while those who are placed at the bottom of the pyramid may not get government business,” said Anirudh Tewari, Principal Secretary (Finance), Punjab.
He suggested the convener (Punjab National Bank) of SLBC to draw various parameters and weightage on which a particular bank can be ranked. He asked the SLBC to rank the banks based on their performance such as implementation of social schemes, government schemes, customer friendliness and ease of doing banking on the lines of ease of doing business.
In ease of doing business, states are judged on the basis of actual implementation of reforms in various areas, including registration of property, availability of land, allotment of land, regulatory approvals through the single window and access to information.
“When a customer is not satisfied with existing mobile operator, he switches to some other player. In the same way, why all banks should be treated equally when they are not customer-friendly,” Tewari said.
Ranking parameters
- Performance in implementing social schemes
- Performance in implementing national goals
- Customer friendliness
- Ease of doing banking
from The Tribune http://bit.ly/2Q8g9mN
via Today’s News Headlines
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