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REGULATORY POLICY EXTRA ORDINARY

In exercise of the powers conferred by section 19read with sub section 2 of section 12 of the Banking Companies

Date: 1st March 2023
Category: Extra Ordinary
Issued by Indian Bank
New Delhi

Read or download the official PDF of this gazette notification issued by the Indian Bank on 1st March 2023. Classified under Extra Ordinary.

Official Gazette Notification Text

Official Transcript

रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 xxxGIDHxxx सी.जी.-डी.एxलx.x-GअID.-E0x1x0x 32023-244019 CG-DL-E-01032023-244019 असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 148] नई ददल्ली, बुधवार, माच व1, 2023/फाल्ग नु 10, 1944 No. 148] NEW DELHI, WEDNESDAY, MARCH 1, 2023/PHALGUNA 10, 1944 इंजडयन बकैं अजधसचू ना नई ददल्ली, 27...

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  • ✓ The notification announces amendments to the Indian Bank (Officers’) Service Regulations, 1979. These amendments pertain to the salary structure, allowances, categorization of officers, and lodging expenses for officers of the Indian Bank.
  • ✓ Introduction of a new pay scale and special allowance for the post of Chief General Manager in the Top Executive Grade (Scale VIII): Rs. 1,66,350 – 4,400/4 – 1,83,950, with a special allowance of 20% of basic pay plus applicable Dearness Allowance.
  • ✓ Clarification that the special allowance and dearness allowance for Chief General Manager will not be considered for superannuation benefits like pension, provident fund, and gratuity.
  • ✓ Fixed personal pay along with House Rent Allowance for the Chief General Manager in Top Executive Grade Scale-VIII will be as per the provided table, remaining frozen for the service period. The increment component is Rs. 4,400, Dearness Allowance is Rs. 118, and the total fixed personal pay where bank accommodation is provided is Rs. 4518.
  • ✓ Revised categorization of officer posts, including the introduction of Chief General Manager in Top Executive Grade Scale-VIII.

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