Bank of Baroda to review its officers for premature retirement every month

MUMBAI: State-owned Bank of Baroda will take review of its officers for premature retirement every month instead of each quarter citing a government advice suggesting the change.

Officers, who have served the bank for three decades and 55 years of age will fall under such review.

It has been advised to undertake the process of review for Premature Retirement on month basis as against the present guidelines of quarterly basis, the bank said in an internal note circulated among employees.

The lender will now conduct such review for October, November and December. Review forms need to be submitted on or before 10th of each month.