The recent appointment of SBI’s Former Chairperson Arundhati Bhattacharya’s as an Independent Additional Director at the board of Reliance Industries Limited has sparked public debate on the post-retirement career of senior employees of the public sector. In some of the cases, even the mandatory cooling period of one year — which was recently reduced from two years to one — was also waived off by the government. Thomas Franco, Former General Secretary of All India Bank Officers Confederation, explains why the practice of joining the private sector after retirement may not be good for the country.
