Ministry result

The Ministry of Finance invites applications for CVOs in PSU banks and insurers

The Ministry of Finance has launched a call for applications from eligible candidates for the position of Chief Vigilance Officers (CVOs) in various public sector banks and insurance companies.

Applications have been invited for CVO positions at five lenders, including Canara Bank, Indian Bank and Bank of India.

Furthermore, the position of CVO would also become vacant at New India Assurance Co and IFCI during this year.

The position of CVO would also be filled at the Punjab National Bank, Punjab & Sind Bank, General Insurance Corporation and National Bank for Agriculture and Rural Development (Nabard).

Applications are invited to fill the positions of Chief Vigilance Officers (CVOs) in various public sector banks (PSBs), public sector insurance companies (PSICs) and financial institutions (FIs), according to a notification issued by the Department of financial services, under the Ministry of Finance.

The selection of candidates will be carried out by the government in consultation with the Central Vigilance Commission (CVC) based on their service records and interaction with the selection committee, he added.

Officers selected as CVO will receive a salary equal to their existing salary at their parent organization plus a deputies allowance equal to 10% of their base salary, he said, adding that they will be entitled to qualifying perquisites. to the next senior position in the borrowing organization. .

According to the eligibility criteria for the appointment of CVOs in PSBs, he said that Chief General Managers (CGMs) of PSBs where the position of CGM is introduced, including SBI, having at least 3 years of residual service are eligible to apply.

Officers are not eligible to apply for the position of CVO in their parent organization, he added.

The deadline for submitting applications is June 15.

(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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