Consultation with the Commission in respect of Retired officers of Public Sector Banks - clarifications

Consultation with the Commission in respect of Retired officers of Public Sector Banks - clarifications 

CENTRAL VIGILANCE COMMISSION 
Satarkta Bhawan, G.P.O. Complex, 
Block A, INA, New Delhi-110023 

No. 018/VGL/021 
Dated 2nd May 2018 

Circular No.03/05/18 

Subject: Consultation with the Commission in respect of Retired officers of Public Sector Banks - clarifications reg.
consultation-commission-retired-officers-psb-clarifications

The Commission at present is being consulted at two stages in vigilance cases / disciplinary proceedings i.e. first stage advice is obtained on the investigation reports, and second stage advice is obtained before a final decision is taken at the conclusion of the proceedings, as per extant laid down procedures. 

2. The Commission while examining references received from various Public Sector Banks for advice has observed instances of non-consultation in matters of retired officers of SMGS-V and above of the Public Sector Banks. Though the levels/categories of officers of SMGS-V and above have been notified for referring cases for advice of the Commission, some PSBs are not consulting the Commission for advice in all matters involving vigilance angle or before initiating action under the Pension Regulations of the respective banks, i.e., first stage advice. 

3. It is clarified that the Commission is required to be consulted at first stage as well as second stage, in matters of retired officers, i.e. officers of SMGS-V and above, as per the prescribed procedure when action is proposed to be initiated after retirement under the Pension Regulations too. 

4. All Public Sector Banks are advised to ensure as clarified above. 
Sd/- 
(J. Vinod Kumar) 
Director 

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