New Delhi ,jan.28: Corporation Bank awarded membership to Chairman & Managing Director’s Club to 29 outstanding Branch Heads of the Bank who excelled in various areas of operation during the financial year 2012-13 at the Corporate Award Ceremony organized by the Bank at New Delhi. Shri S R Bansal, Chairman & Managing Director of the Bank inducted the Branch Heads at the Award Ceremony to the elite club of performers. The induction of the Club Members was done at a glittering ceremony organized at Hotel Connaught, Connaught Place, New Delhi on January 27, 2015.
People engagement by Banks in the process of business development has assumed greater significance as a tool to achieve extended business goals and Corporation Bank has been following the twin approach of developing Human Capital and aligning HR to business to keep the growth momentum high. Being a pioneer in administering corporate awards for core performers among branch heads, the Bank has been successfully administering the corporate award schemes continuously during the last 32 years to enable the employees to realize their full potential.
Chairman & Managing Director Club Membership has been devised with selection parameters broadly premised on various parameters like Average Advances, Clientele expansion, Agriculture advances, Retail advances, Recovery, Non-interest Income, ratings in qualitative aspects in risk based audit with prescribed weightages tuned to corporate goals and priorities of the year and differential threshold in overall performance level. Duly considering the fact that units are operating under varied business environment, flexibility in the existing multi-goal concept is introduced as a pro-performer initiative and branches are permitted to leverage on the strengths of the operational area to excel in business development so as to reach the minimum threshold prescribed.
The 29 branch heads who were inducted to the Chairman & Managing Director Club Membership will get attractive incentive package. By adopting a team rewarding methodology in corporate awards, Corporation Bank intends to facilitate value synergism and interdependence to emphasize, support and work together as a high performing team towards a common goal.