The Hindu : Karnataka / Bangalore News : ‘Set up tribunal for banks'

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Saturday, Dec 11, 2010
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Karnataka

Karnataka - Bangalore

‘Set up tribunal for banks'

Special Correspondent

Bangalore: All India State Bank Officers' Federation (AISBOF) has demanded that an administrative tribunal be set up for the banking industry.

“Such a tribunal would reduce delays in the judicial process,” G.D. Nadaf, General Secretary, AISBOF, told The Hindu.

Mr. Nadaf said bank officers ought to be removed from the purview of the Central Vigilance Commission “because banking is a specialised business”.

“While we are for probity in public life and against corruption in banks, we would prefer to be administered by an industry-wide commission rather than the CVC,” he said. The existing structure results in harassment of “genuine officers”, he said.

Workshop

Earlier, addressing a press conference, Mr. Nadaf said that the National Academy of Trade Union Research and Education (NATURE), which was established by AISBOF, is organising a two-day national workshop on disciplinary and vigilance administration in public sector banks from December 12 in Bangalore.

Mr. Nadaf, General Secretary, AISBOF, said the workshop would enable participants to review and assess techniques and procedures for enhancing compliance mechanisms in the banking industry.

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