PSBs remain bullish on lateral hirings from private sector

PUBLIC SECTOR BANKS will continue lateral hirings at senior levels directly from the private sector, several bankers have said.

- PIYUSH SHUKLA

This comes in the backdrop of the recent 'bob World' controversy wherein Bank of Baroda (BoB) has claimed that it had 'terminated' the services of its chief digital officer (CDO) Akhil Handa - a private sector hire after the Reserve Bank of India barred it from onboarding new customers on its app.

Handa, credited with building the flagship bob World app, said that he had resigned earlier in August.

Some also believe that while Handa built the mobile application, operating it was not under his direct control.

"If someone mis-sells something and onboards customers into app with their own numbers, that is not the fault of the CDO," a senior bank official said.