`Ensure rotation of officials in sensitive posts`
The anti-corruption watchdog has also told the Chief Vigilance Officers of the banks to strictly comply with its orders.
New Delhi: Concerned with instances of
alleged irregularities in public sector banks, the Central
Vigilance Commission has directed them to ensure timely
rotation of officials working in sensitive posts to check
corruption and avoid "vested interest".
The anti-corruption watchdog has also told the Chief
Vigilance Officers (CVOs) of the banks to strictly comply with
its orders and to furnish an action taken report in this
regard every month.
It said that all CVOs were asked to identify the
sensitive posts which were prone to corruption and to ensure
that "officials posted on sensitive posts are rotated every
two/three years to avoid vested interest".
The CVC noted that its earlier instructions in this
regard were not being strictly followed which is a matter of
"The Commission would once again emphasise that
periodical rotation of officials holding sensitive posts/jobs
especially at senior levels need to be ensured," the
Commission said in a recent directive to the CVOs of public
"As such, officials should not be retained in the same
place/position for unduly long periods in the guise of
indispensability etc. by the Management of Public Sector
Banks," it said while directing the banks to "specifically
mention the action taken report indicating the number of
officials rotated/transferred in the Bank in the monthly
report of CVOs to the Commission".
The move assume significance as the CVC while dealing
with a case pertaining to a public sector bank recently
noticed that a high ranking official, who was associated
with procurements etc, was posted in the department for an
unduly long period which is against the spirit of the
CVC officials said that its directive also stands for
central government departments and public sector units.
According to the probity watchdog`s latest monthly
report for October 2011, major penalty was recommended against
53 officials of the public sector banks including Syndicate
Bank, Canara Bank and Punjab National bank for their alleged
involvement in corrupt practices.