What Is The Full Form Of CGM In Banking?
CGM full form in banking is Chief General Managers. This is a very important job in both public and private banks, and the person in charge is in charge of many of the bank’s activities and regional branches, you know? They are more like the top leaders just below the board’s big bosses, that’s the simplest explanation. Let’s get into more roles and responsibility stuff now, shall we?
Responsibilities and Functions of CGMs:
The things a CGM does every day depend on what part of the bank they’re in. In the case of the State Bank of India (SBI), Vinod Jaiswal, who was the Chief General Manager for the Chandigarh Circle, was in charge of Punjab, Haryana, as well as Chandigarh and Ladakh. Though recently he took over the Bengaluru circle, but you get the point, right? All kinds of things are watched over to make sure they follow the rules, from customer service to area operations. On the other hand, CGMs at Indian banks might focus on areas like Government Business, IT & Partnerships, or Treasury & International Banking. So, they need to know a lot of things and stay up to date on new banking tech.
Why Is the CGM Role So Important?
We know, just like so many people out there, you are also wondering why the job role of CGM is so important, right? Well, you must understand that they act as a link between the people who make decisions and the people who do the work. So, that’s that.
