During the board meeting held on Thursday, the Board of Directors (BoDs) of the Himachal Pradesh State Cooperative Bank (HPSCB) decided to constitute a dedicated committee to explore the possibility of restructuring the pay scales of its employees, with the aim of aligning them with those of the broader banking sector.
In addition to this, the Board also resolved to make departmental promotional opportunities more inclusive.
Henceforth, all employees within a cadre who possess the requisite educational qualifications will be eligible to appear in departmental examinations for promotion, irrespective of the length of service in their current cadre.
The Himachal Pradesh State Cooperative Bank has also reported an impressive gross profit of Rs 307 crore for the financial year 2024–25, which ended on March 31, 2025.
