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Government directs banks to address pending disciplinary cases

Government directs banks to address pending disciplinary cases

Tuesday, January 28, 2020, 5:32 PM

The government directed all banks to set-up committees of senior officials to monitor the progress of pending disciplinary and internal vigilance cases and set timelines for completion of such cases to prevent damaging morale of staff, according to a release by the finance ministry. The government has also delegated powers to the boards of PSBs to set mechanisms to ensure compliance with fraud-reporting timelines.
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