FinMin asks State-run banks, insurers to consider postponing promotion process April 19, 2021 × ‘Ensure that promotion process factors in the constraints likely to be faced by officers and staff’ The finance ministry has asked all public sector financial intermediaries to take cognisance of the prevailing Covid-19 pandemic situation and take appropriate steps to ensure that the promotion process factors in the constraints likely to be faced by their officers and staff. The ministry emphasised that the officers and staff of the public sector financial intermediaries -- public sector banks (PSBs), public sector insurance companies (PSICs) and financial institutions (FIs) -- may be given adequate opportunity for participating in the promotion process.