Home India Karnataka Vikas Gramin Bank The Central Govt. hereby makes the following regulations to ...
Date: 2015-01-01 Category: Extra Ordinary State: Union Government Country: India

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

Issued by Karnataka Vikas Gramin Bank · NOT available

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Executive Summary & Key Takeaways

**Executive Summary:** This document outlines amendments to the Karnataka Vikas Grameena Bank Officers and Employees Service Regulations, 2010, as per Notification No. KVGBPHRDD12013 dated November 5, 2013. These amendments, sanctioned by the Central Government and in consultation with Syndicate Bank and NABARD, pertain to the definition of "Competent Authority" and related provisions. The regulations came into force on the date of their publication in the Official Gazette (January 1 2015). **Key Points / Main Content:** * **Amendment Title:** Karnataka Vikas Grameena Bank Service Amendment Regulations, 2013. * **Effective Date:** The regulations are effective from the date of their publication in the Official Gazette. * **Definition of Competent Authority (Amendment to Regulation 2):** * For Officer Scale III, IV, and V: The Chairman. * For Officer Scale I and II: The General Manager. * For Group B Office Assistant Multipurpose and Group C Office Attendant Multipurpose employees: An officer not below the rank of Scale IV, as decided by the Board. * **Authority Based on Competent Authority (Amendment to Regulation 50):** * Where the Chairman is Competent Authority: The Board. * Where the General Manager is Competent Authority: The Chairman. * Where the Competent Authority is decided by the Board under sub-clause (iii) of clause (g) of sub-regulation (1) of regulation 2: The General Manager. **Impact Analysis:** **Karnataka Vikas Grameena Bank Officers and Employees:** * *Impact:* Clarification of the "Competent Authority" definition impacts reporting structures, decision-making processes, and the levels of authority for different employee scales and groups. * *Action Required:* Employees should familiarize themselves with the revised definition of "Competent Authority" to understand reporting lines and authorized decision-makers. **Board of Directors:** * *Impact:* The Board retains the authority to designate the "Competent Authority" for specific employee groups (Group B and C). * *Action Required:* The Board must designate an officer (not below Scale IV) as the "Competent Authority" for Group B Office Assistant Multipurpose and Group C Office Attendant Multipurpose employees. **Chairman:** * *Impact:* The Chairman's role as "Competent Authority" is clarified for Officer Scale III, IV, and V. The Chairman is also the competent authority where the General Manager is Competent Authority. * *Action Required:* The Chairman needs to be aware of their responsibilities and authority as defined by these amendments. **General Manager:** * *Impact:* The General Manager's role as "Competent Authority" is clarified for Officer Scale I and II. 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 * *Action Required:* The General Manager needs to be aware of their responsibilities and authority as defined by these amendments.

Key Entities Referenced

Karnataka Vikas Grameena Bank: A Regional Rural Bank. The policy document pertains to amendments in its service regulations. Regional Rural Banks Act, 1976: The act of the Parliament of India under which Regional Rural Banks are established and governed. Syndicate Bank: The Sponsor Bank of Karnataka Vikas Grameena Bank. National Bank for Agriculture and Rural Development: A regulatory body for overall regulation of regional rural banks Central Government: The Union Government of India, whose prior approval is required for the regulations. Karnataka Vikas Grameena Bank Officers and Employees Service Regulations, 2010: The original service regulations of the bank that are being amended. Karnataka Vikas Grameena Bank Service Amendment Regulations, 2013: The amendment regulations to the service rules of the bank. Dharwad, Karnataka: The location where the notification was issued.
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