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"HAPPY BIRTHDAY"

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Happy Birthday-13th OCTOBER 2017(FRIDAY)
"HAPPY BIRTHDAY-13TH OCTOBER 2017(FRIDAY) JASWINDER PAL SINGH SENIOR SPL ASSISTANT DON KALAN Jag Bhushan SR. ASST. (BANKING) AMBALA CANTT Jag Bhushan SR. ASST. (BANKING) AMBALA CANTT Om Parkash Sikri DEPUTY MANAGER ISMAILA BALDEV RAJ Addl. Associate 1 HANSLI BRIDGE, BATALA Ramesh Kumar SR. ASST. (BANKING) SME BRANCH, CHANDIGARH VEENA PACHPORE Addl. Associate 1 SEC 35-C, CHANDIGARH Ashok Kumar Goyal DEPUTY MANAGER ZONAL OFFICE HARYANA-GENERAL BANKING Kuldeep Kumar Sharma DEPUTY MANAGER ZONAL OFFICE JAMMU Jaswinder Singh SENIOR SPL ASSISTANT TRIPRI PATIALA Dalbir Singh SR. ASST. (BANKING) UDHAMPUR Ambika Chugh ASSISTANT MANAGER AMBALA CITY Sushma Gupta SR. ASST. (BANKING) CHANDI MANDIR Sushma Gupta SR. ASST. (BANKING) CHANDI MANDIR Parveen Kumar Sharma ASST. GEN. MANAGER NRI JULLUNDER HEM SINGH Addl. Associate 1 KASAULI MANJINDER SINGH RANDHAWA ASSISTANT MANAGER ANAJ MANDI, SIRHIND MANDI ASHUTOSH JAIN Addl. Associate 1 ADB MALERKOTLA DEEP CHAND MANAGER LOHAKA Raj Kumar Bhagat DEPUTY MANAGER BHOGPUR SATISH KUMAR Addl. Associate 1 AMBALA ROAD, ISMAILABAD SATISH KUMAR Addl. Associate 1 AMBALA ROAD, ISMAILABAD MUNISH BALI Addl. Associate 1 BANKING OPERATIONS DEPARTMENT-HEAD OFFICE PATIALA Nitin Soni DEPUTY MANAGER ZONAL OFFICE HARYANA-GENERAL BANKING SANJEEV BHATIA ASSISTANT MANAGER BEESLA Sudhir Kumar DEPUTY MANAGER REWARI Gurupdesh Kaur CUST. ASST. (BANKING) ROPAR PAYAL MEHTA Addl. Associate 1 GHUMAR MANDI, LUDHIANA AMIT RAJ DEPUTY MANAGER HO PATIALA -OUTREACH/FINACIAL INCLUSION DEPTT Nitin Sharma DEPUTY MANAGER(S) ROHRU AMRITA DEEPAK Addl. Associate 2 JALANDHAR ZONAL OFFICE-RO-I JALANDHAR -ADMIN JASWANT SINGH ASSISTANT MANAGER S.A. JAIN COLLEGE, AMBALA CITY Vikas Goyal CUST. ASST. (BANKING) MANSA PANKAJ KUMAR TAMTA DEPUTY MANAGER NOORMAHAL ROAD ,PHILLAUR SIMRANJEET SINGH CUST. ASST. (BANKING) SPECIALISED AGRI COMM BR, PATIALA AVINASH KUMAR Addl. Associate 1 ABLU RIGZIN GURMETH ASSISTANT MANAGER ALSINDI Deepshikha . CLERICAL - ON PROB. MOHALI (S.A.S. NAGAR) Rohit Dutta CUST. ASST. (BANKING) NEAR KHUSHI TRADES, SECTOR-11, PANCHKULA ANKIT . ASST. (BANKING) N.G.M. JIND Rohit Dutta CUST. ASST. (BANKING) NEAR KHUSHI TRADES, SECTOR-11, PANCHKULA ANKIT . ASST. (BANKING) N.G.M. JIND SUNIL KUMAR ASST. (BANKING) GHAGA Sandeep Dhillon ASSISTANT MANAGER AMRITSAR Ram . Kishan CUST. ASST. (BANKING) NAKODAR ROAD, JALANDHAR Amandeep Sharma CLERICAL - ON PROB. NANGAL BHUR *** table>

Saturday, 4 July 2015

Bankers often paying price for genuine business decisions? So feels CVC

A top CVC official told  that he has disposed of numerous vigilance cases of senior bankers who had to pay a price for genuine business decisions that went wrong.


Inundated with bogus vigilance cases against bankers, the Central Vigilance Commission (CVC) has instructed chief vigilance officers (CVOs) of all banks to review the complaints and verify if there is any malafide intention in their business decisions, before sending them to the commission.
A top CVC official told  that he has disposed of numerous vigilance cases of senior bankers who had to pay a price for genuine business decisions that went wrong.
According to the norms, bankers could not be promoted or retired unless CVC gave them a clean chit.
"We get 10-15 cases every day, to decide whether to pursue action or to give clean chit to respective bankers. It is not necessary that all the cases we received bound for action and being done for malafide intention. Bankers are not supposed to be charge-sheeted in genuine sanctions," a top CVC official told.
According to official sources, for the first time, the CVC has initiated a dialogue with the CVOs to define terms like 'fraud' and 'diversion of funds'; if funds are diverted, but the business does not suffer it is not a fraud.
"It should be review and recheck twice before sending it to the commission. It is incorrect to greet every case with suspicion and scrutinise for evidence for malfeasance. It is noticed that vigilance fear has resulted in banks sitting on credit sanctions, which is not good for the entire banking sector," said an official.
Vigilance commissioner TM Bhasin told  "We have asked the banks to review all the cases that are under investigation. In cases where there is a vigilance angle involved, we examine if the intentions are bonafide so that such cases can be excused. In cases where there is a disciplinary action that is required, we will not be able to let off the cases."
Many public sector banks are seeing this as a positive move and believes this will reduce fear factor among bankers who play a vital role in credit sanctions.
Arundhati Bhattacharya, chairman, SBI, told  "It will encourage bankers to take decisions and clear proposals faster. Credit decisions will certainly be faster. So far bankers were fearful of taking decisions in many cases even if intentions were bonafide. This fear will go."
Ram Sangapure, executive director Punjab National Bank (PNB), told . "We have also heard of the vigilance commissioner's move to examine genuine cases but we are yet to get a written communique."
"It will create a favourable ambiance for bankers and restore confidence in sanctioning loans. We also have certain cases pending like all banks which may be reexamined under the new directive," said Sangapure.
According to CVC, this kind of check/reviews of cases before prosecution would make banking hassle-free. For any kind of loan application, it goes to 50 people for sanctioning, and for that one have to run several times before the banks, despite all the necessary documents which is required.
But if you don't have any lengthy process, then one can apply anytime, the application is processed first.
However, this does not mean that banks avoid proper due diligence and know-your-company (KYC) norms. Of course, bankers have to take decision on its merit. But a systematic and fast procedure can be done without any kind of improper or illegal moves, say industry officials.

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