💨 Abstract

The central government has revised the performance-linked incentive scheme for senior executives of public sector banks. The objective is to reward employees for significant value creation. To be eligible, banks must meet three out of four criteria, including positive Return on Asset, a net NPA of less than 1.5%, a Cost to Income Ratio under 50%, and maintaining the Capital to Risk Ratio at minimum regulatory requirements.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖