More workers are seeing promotions come with upgraded job titles but no immediate salary increase. While companies say the title signals future growth, employees increasingly want compensation and recognition to match the added responsibilities. The result is sharper demands for transparency on how pay reviews work, what changes in the role, and when the financial rewards will actually arrive.
State Bank of India has promoted eight Chief General Managers to Deputy Managing Director roles as part of its annual reshuffle. The newly appointed DMDs will take charge of departments being vacated due to scheduled retirements between June and September. SBI says the move is designed to maintain leadership continuity across critical banking functions and ensure smooth transitions.
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