Home India J & K Grameen Bank The Central Govt. hereby makes the following regulations to ...
Date: 2014-11-24 Category: Extra Ordinary State: Union Government Country: India

The Central Govt. hereby makes the following regulations to amend the J and K Grameen Bank (Officers and Employees) Service Regulations, 2010, These regulations may be called J and K Grameen Bank Service (Amendment) Regulations, 2013.

Issued by J & K Grameen Bank · Head Office

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Executive Summary & Key Takeaways

Executive Summary: This notification announces amendments to the J K Grameen Bank Officers and Employees Service Regulations, 2010. The amendments, sanctioned by the Central Government, are made under Section 30 of the Regional Rural Banks Act, 1976. These regulations are effective from the date of their publication in the Official Gazette, with the J K Grameen Bank Service Amendment Regulations referred to as 2013. Key Points / Main Content: Competent Authority Definition (Regulation 2 Amendment): * The definition of "Competent Authority" is revised. * For Officer Scale III, IV, and V, the Chairman is the Competent Authority. * For Officer Scale I and II, the General Manager is the Competent Authority. * For Group B Office Assistant Multipurpose and Group C Office Attendant Multipurpose, the Competent Authority is an officer not below Scale IV, as determined by the Board. Regulation 50 Amendment: * Regulation 50 clauses i and ii are substituted. * The Board is the Competent Authority where the Chairman is the Competent Authority. * The Chairman is the Competent Authority where the General Manager is the Competent Authority. * The General Manager is the Competent Authority where the Competent Authority is decided by the Board under sub-clause iii of clause g of sub-regulation 1 of regulation 2. Impact Analysis: J K Grameen Bank Officers and Employees: * Impact: The regulations redefine the "Competent Authority," impacting decision-making processes related to service matters, particularly concerning disciplinary actions and promotions. * Action Required: Familiarize themselves with the revised definitions and reporting structures based on their respective scales and positions. Board of Directors: * Impact: The Board retains the authority to designate the Competent Authority for specific employee groups and acts as the Competent Authority when the Chairman is the competent authority. * Action Required: Implement the revised regulations and ensure consistent application across the bank. General Manager: * Impact: The General Manager is designated as the Competent Authority for Officer Scale I and II and in certain circumstances where the board delegates authority. * Action Required: Implement the revised regulations and act as the competent authority for the relevant scales. Chairman: * Impact: The chairman is designated as the Competent Authority for Officer Scale III, IV, and V and acts when the Board is the Competent Authority. * Action Required: Implement the revised regulations and act as the competent authority for the relevant scales.

Key Entities Referenced

J K Grameen Bank: A Regional Rural Bank operating in Jammu and Kashmir, India. Regional Rural Banks Act, 1976: An act of the Indian Parliament that governs the establishment and operation of Regional Rural Banks in India. Jammu Kashmir Bank: The Sponsor Bank for J K Grameen Bank. National Bank for Agriculture and Rural Development: A development finance institution in India, also known as NABARD. Central Government: The Government of India. J K Grameen Bank Officers and Employees Service Regulations, 2010: The original service regulations for officers and employees of J K Grameen Bank, which is being amended. J K Grameen Bank Service Amendment Regulations, 2013: The amendment regulations to the J K Grameen Bank Officers and Employees Service Regulations, 2010. Narwal, Jammu and Kashmir: Location of Head Office of J & K Grameen Bank.
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