contract employee in the bank

Querist :
Anonymous
(Querist) 03 November 2010
This query is : Resolved
Dear sir
we r working in the canara bank as contract for the 3 year as a investment officer,so is there any posibilty to get conformation in the bank
Beacuse in the state bank of india they confromed the contract employye as permenent in the bank so can we get the conformation,is there any law
s.subramanian
(Expert) 03 November 2010
It is a policy decision to be taken by the bank management.
Parthasarathi Loganathan
(Expert) 03 November 2010
Can you post the terms and conditions stipulated in your contractual work agreement? Generally high-end marketing related work tasks which are out of the purview of the normal banking activities are outsourced to third parties and service conditions generally don't map with that of a regular employee of the bank. You need to check up with the officers' Association of Canara Bank for further guidance.
Kirti Kar Tripathi
(Expert) 04 November 2010
I agree with Mr. Subramanain it is solely a policy matter within the jurisdiction of management.

Querist :
Anonymous
(Querist) 04 November 2010
thanks for the reply,you all are very honorable persone for me ,but sir in the we are on roll of canara bank, and the same post which is fullfill by state bank of india in the 2007 and after the contract and in the year 2010 they file a suit against the bank in the chennai and they get bank is taken all them as permenent employee in the bank,so with the judgment of this case can we get the hope of permenent employee because law is same for the every indian,please guide me,
R.Ramachandran
(Expert) 04 November 2010
Dear Anonymous,
It all depends upon the availability of post, requirement of personnel, policy of the management etc. etc. But, citing the example of State Bank of india, you people can also make representation to the Bank management and request for permanent absorption. While normally the administration would have continued your contractual terms for further period, it is also possible if you raise an issue for permanent employment, they may try not to continue the contract after the term comes to an end. Thus, you have to understand the situation in the bank and then make your move. It shoul not heppen that just by asking for permanent placement, even your available job on contractual basis also gets ended.
As advised by Mr. Partha, you have to approach the Officers' Association and try to find a way out to your issue.