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of 25 years, can reach SMGS IV on reaching 35-40years of age by consistent performance, constantlearning and up-gradation of skills.Minimum service for eligibility to participate inpromotion process.●Clerk to JMGS I●JMGS I to MMGS II●MMGS II to MMGS III●MMGS III to SMGS IV●d) Transfers / Placements :3 Years3-4 Years3 Years2-3 YearsTransfer may be horizontal or vertical movement of anemployee. Placements are aimed at :Providing cross functional exposure acrossdifferent departments at all levels●Optimum utilisation of available talents.●Providing an opportunity to performers to work inInspection Department and Administrative Officesfor all round exposure.●Ensuring each branch to have a mix of existing(experienced) & new recruits (Tech Savvy).●Identifying new recruits for posting them as BranchHeads after exposing them to various facets ofbanking for 3-4 years.●Bridging the Skill gaps at Branches / Regional Offices.●Providing Career Path to each employee.●Exposing the employees to diverse fields.●Optimum utilisation of available talents.●Preparing the employees for higher responsibilities.●e) Succession Planning :Since 40% of the employees in higher scalesare superannuating by 2014, timely successionof employees for higher / critical jobs is one ofthe major HR challenges. An exercise consistingof 250 employees in Scale-III, IV, V & VI who haveleft over service of 10, 7, 5 and 3 years respectivelyhas been taken up and initiatives to expose themto the critical areas for alll-round development havebeen commenced.f) Talent Grooming and Retention :stIn the 21 century, knowledge workers rule the bankingindustry and each bank has to do a lot to make everyemployee a knowledge personnel. In this setting thefollowing initiatives have been taken :Encouraging the employees to enroll for theprofessional courses conducted by organizationslike Risk Management, ISACA, IIBF, etc.●Besides reimbursing the course fee, certain amountof incentive is also being paid for passing both thecertificate and Diploma courses conducted by IIBF.●Bank is encouraging the employees to take upprofessional courses.●special featureFinally to conclude, the challenges are not over and Bankhas to see the present day with the eyes of tomorrow tocope with the future.The Journal of Indian Institute of Banking & Finance July - September 2011 43