Public Sector Banks take Action against Various Officers/Employees for Violation of Banking Norms and Regulations

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..... Public Sector Banks take Action against Various Officers/Employees for Violation of Banking Norms and Regulations
News and Press Release
Dated:- 8-5-2013

In connection with Cobrapost, Re .....

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..... d Spider 2 Expose which was released yesterday, Shri Rajiv Takru, Secretary, Department of Financial Services (DFS), Ministry of Finance had asked the Chairman cum Managing Directors (CMDs) of various .....

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..... Public Sector Banks (PSBs) and Life Insurance Corporation (LIC) of India for an immediate action in the matter. Beside above, the Secretary, DFS had also sought compliance and action taken report on .....

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..... utmost priority. As a result, certain PSBs have already taken action and in some cases, the work is still in progress. So far, fifteen (15) officers/employees of various Public Sector Banks have bee .....

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..... n suspended including one from insurance sector. Beside it, ten (10) officers of PSBs have been divested of their work and six (6) have been asked to proceed on leave. More action taken reports are ex .....

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..... pected in near future. DSM/RS (Release ID :95766)
News - Press release - PIB .....

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