CVC asks banks to rotate officials

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 […]

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 "serious concern".