State-owned bank staff barred from promotion if facing charges or trials
Under the new policy, employees cleared of all charges without punishment may still be promoted to a reserved vacancy
Officers and employees of state-owned commercial banks, specialised banks, and financial institutions will not be eligible for promotion if they are in a charge-sheet in departmental cases or in Anti-Corruption Commission (ACC) cases, or if they are arrested or on trial in criminal cases.
The restriction will remain in place until the cases are finally disposed of, according to two separate promotion policies issued by the Financial Institutions Division today (4 August).
According to the new policy, if a charge sheet is filed after the final promotion list is approved, and it is withdrawn without penalty within the panel's validity, the officer can be promoted to the post.
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If they are not cleared of the charges or are penalised before the panel's expiry, the post will be filled by the next eligible candidate in the panel, according to the policy.
The policy further states that any officer or employee who receives a minor penalty for misconduct will not be considered for promotion for one year after the penalty period ends. For major penalties, the ban will last for two years after the penalty period.
To be considered for promotion, candidates must score at least 75 out of 92 in the assessment. If multiple candidates score equally, seniority in the feeder post will determine ranking on the merit list.
The policy also makes it clear that promotions will not take effect until the promoted officer joins the new post. For those on lien, the promotion will only take effect after joining the substantive post.
For promotion to deputy general manager (DGM) or equivalent, a committee chaired by the bank's board chairman will be formed. For promotion to assistant general manager (AGM), a separate committee will be headed by the managing director and CEO.
