CVC red-flags board-level appointments in PSU banks

Sep 03 2014, 01:45 IST
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SummaryThe Central Vigilance Commission (CVC) has red-flagged the appointment...

The Central Vigilance Commission (CVC) has red-flagged the appointment process of some senior-level officers in public sector banks (PSBs) and sought clarification from the finance ministry.

The CVC was approached for vigilance clearance against some of the names shortlisted for appointments in the banks. However, certain anomalies were found in the selection process, official sources said. A reference has been sent to the finance ministry, seeking clarification on the matter, they said.

The names were shortlisted during the tenure of the UPA regime. The CVC has denied vigilance clearance to these recommended persons. The commission, prima facie, claimed to have found instances where more marks were given to some of the candidates in their interview allegedly without any basis to secure their entry into the banks, the sources said. The CVC, in its communique to the ministry, cited recent media reports about alleged irregularities in top-level appointments in public sector banks. The Appointments Committee of Cabinet approves board-level appointments in public sector undertakings, including banks.

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