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Punjab National Bank paid over Rs.250 crore PLI to senior executives of the bank – Scale IV and above. This was revealed by PNB in an RTI reply filed by an activist.
| S. No. | Information sought | PNB reply |
|---|---|---|
| 1 | Provide bank-wise details of the number of executives who were paid PLI for FY 2024-25 and the total amount of PLI paid by each bank. | No. of executives received PLI – 3888 (including 7 WTD). Total Amount of PLI Paid – ₹250.57 crore. |
| 2 | Provide the above information bank-wise and scale-wise for Scale IV, Scale V, Scale VI, Scale VII and Scale VIII. | The scale-wise details are provided in the table below. |
| 3 | Provide bank-wise and scale-wise details of the number of employees who received PLI and the total amount paid to them. | The scale-wise details are provided in the table below. |
Scale-wise details of PLI paid
| Scale | No. of officers who received PLI | Amount paid (₹ crore) |
|---|---|---|
| S4 | 3,015 | 177.62 |
| S5 | 583 | 44.38 |
| S6 | 190 | 16.53 |
| S7 | 73 | 7.42 |
| S8 | 20 | 3.61 |
| WTD | 7 | 1.01 |
| Total | 3,888 | 250.57 |
The Department of Financial Services (DFS), Ministry of Finance, introduced a revised model that heavily favors senior management. Scale IV to VIII Executives (including CGMs, GMs, MDs & CEOs) are eligible for massive incentives scaling up to 360 to 365 days of basic pay based on individual performance. Workmen and Officers up to Scale III get a maximum of roughly 15 days of basic pay plus DA as PLI. Officers up to Scale 3 get a maximum PLI of Rs. 50,000, whereas Scale IV and above officers get PLI around Rs.10 lakh.
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