Finance ministry invites applications for CVOs in PSU banks, insurers

The finance ministry has invited applications from eligible candidates for the position of Chief Vigilance Officers (CVOs) in various public sector banks and insurance companies.

Applications have been called for CVO positions in five lenders, including Canara Bank, Indian Bank and Bank of India.

Besides, CVO position would also fall vacant in New India Assurance Co and IFCI during this year.

Position of CVO would also be filled at Punjab National Bank, Punjab & Sind Bank, General lnsurance Corporation and National Bank for Agriculture and Rural Development (Nabard).

Applications are invited for filling up the posts of Chief Vigilance Officers (CVOs) in various Public Sector Banks (PSBs), Public Sector Insurance Companies (PSICs) and Financial Institutions (FIs), according to a notification issued by the Department of Financial Services, under the finance ministry.

Selection of candidates will be made by the government in consultation with the Central Vigilance Commission (CVC) on the basis of their record of service and interaction with the selection committee, it added.

The officers selected as CVOs shall draw pay equal to their existing pay in their parent organization plus deputation allowance thereon equal to 10 per cent of their basic pay, it said, adding they will be entitled to perquisites admissible to next higher position in the borrowing organization. .

As per the eligibility criteria for appointment of CVO in PSBs, it said, Chief General Managers (CGMs) of those PSBs where CGM post is introduced, including SBI, having minimum 3 years of residual service are eligible to apply.

Officers are not eligible to apply for the post of CVO in their parent organization, it added.

Last date of submission of application is June 15.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

.

Leave a Reply

Your email address will not be published.

Back to top button
AGADIR-GROUP