Cases filed by CVC against PSU Bank Employees

As per the information released by the Government of India, the number of cases forwarded by the Central Vigilance Commission (CVC) to the Public Sector Banks (PSBs), IDBI Bank Ltd., Small Industries Development Bank of India (SIDBI) and National Bank for Agriculture and Rural Development (NABARD), which are under the administrative control of this Department, during the last three years are as under:

Central Vigilance Commission (CVC) is an Indian governmental body created in 1964 to address governmental corruption. In 2003, the Parliament enacted a law conferring statutory status on the CVC. It has the status of an autonomous body, free of control from any executive authority, charged with monitoring all vigilance activity under the Central Government of India, advising various authorities in central Government organizations in planning, executing, reviewing, and reforming their vigilance work.

Such complaints are investigated by deputing suitable ranked investigating officer. On receipt of investigation report, the Staff Accountability Examination is done by the Competent Authority, who gives views on the alleged lapses, if any, attributed against the erring official(s) of the Bank.

In case of actionable lapses, the same are placed before the Internal Advisory Committee (IAC) of the Bank. The IAC gives their views on existence of Vigilance/Non-Vigilance overtone against the concerned erring official(s), and submits the same to Chief Vigilance Officer (CVO) of the Bank. Afterwards, the CVO tenders his/her views on Vigilance/Non-Vigilance overtone, and conveys the same to the Disciplinary Authority (DA). Subsequently, the DA in the Bank takes appropriate disciplinary action against the concerned Bank employee(s) in accordance with CVC/DoPT guidelines and banks’ service and disciplinary rules.