Home India Malwa Gramin Bank The Central Govt. hereby makes the following regulations to ...
Date: 2014-11-21 Category: Extra Ordinary State: Union Government Country: India

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

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Executive Summary & Key Takeaways

This document is a notification from the Government of India, publishing amendments to the Malwa Gramin Bank Officers and Employees Service Regulations, 2010. These amendments, titled "Malwa Gramin Bank Service Amendment Regulations, 2013," were enacted under Section 30 of the Regional Rural Banks Act, 1976, following consultations with the State Bank of Patiala, the National Bank for Agriculture and Rural Development, and with the sanction of the Central Government. The key changes relate to the definition of "Competent Authority" within the bank. The amendments specify the Chairman as the Competent Authority for Officer Scale III, IV, and V; the General Manager for Officer Scale I and II; and an officer not below the rank of Scale IV, as decided by the Board, for Group B (Office Assistant Multipurpose) and Group C (Office Attendant Multipurpose) employees. Additionally, the regulations modify the clauses related to the Competent Authority. The Board is the Competent Authority where the Chairman holds that position, the Chairman where the General Manager is the Competent Authority, and the General Manager where the Competent Authority is decided by the Board under subclause (iii) of clause (g) of subregulation (1) of regulation 2. The notification, numbered Advt.3435414, is dated November 21, 2014, and was published in the Gazette of India, Extraordinary, Part III, Section 4. The principal regulations were originally published under Notification No. MGB/Regulation/12011 dated 21.09.2011. The notification is issued by Pawan Kumar Goyal, Chairman. The regulations take effect from the date of publication in the Official Gazette.

Key Entities Referenced

Regional Rural Banks Act, 1976: A legal act providing the framework for regional rural banks. Malwa Gramin Bank: A regional rural bank. The document pertains to its regulations. State Bank of Patiala: The Sponsor Bank of Malwa Gramin Bank. National Bank for Agriculture and Rural Development: A national bank consulted in making the regulations. Malwa Gramin Bank Officers and Employees Service Regulations, 2010: The set of service regulations being amended by this notification. Malwa Gramin Bank Service Amendment Regulations, 2013: The title of the new regulations. Pawan Kumar Goyal: Chairman of Malwa Gramin Bank Sangrur, Punjab: Location of the Head Office of Malwa Gramin Bank.
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