The committee has been set up with a view to rationalise the remuneration package of RRB employees in the context of various changes that have taken place in the financial sector since 1991, when the salary structure of RRBs was also last reviewed.
The committee would examine the allowances and other benefits presently available to RRB employees and suggest rationalisation and simplification of these benefits, according to a Reserve Bank press release issued
yesterday.
Besides, the committee would also consider desirability and feasibility of introducing performance linked incentives to RRB employees, the release said.
The committee, that would submit its report within three months, would take into account the wide differences in the parameters like size, level of business, productivity ratios and profitability of various RRBs.
The committee would be headed by S C Mahalik, former secretary, Department of Posts. V Viswanathan, former executive director of RBI and J V Shetty, former chairman and managing director, Canara Bank, have been appointed members of the committee.
