Home India Saptagiri Grameena Bank The Central Govt. hereby makes the following regulations to ...
Date: 2013-12-10 Category: Extra Ordinary State: Union Government Country: India

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

Issued by Saptagiri Grameena Bank · NOT available

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Executive Summary & Key Takeaways

Executive Summary: This notification announces amendments to the Saptagiri Grameena Bank Officers and Employees Service Regulations, 2010, with changes effective from the date of publication in the Official Gazette (December 10, 2013). These amendments pertain to the definition of "Competent Authority" and its role in specific regulations. The changes are made under the authority of the Regional Rural Bank Act, 1976, and with the sanction of the Central Government. Key Points / Main Content: Definition of Competent Authority: * For Officer Scale III, IV, and V: The Competent Authority is the Chairman. * For Officer Scale I and II: The Competent Authority is the General Manager. * For Group B (Office Assistant Multipurpose) and Group C (Office Attendant Multipurpose) employees: The Competent Authority is an officer not below Scale IV, as decided by the Board. Amendments to Regulation 50: * Where the Chairman is the Competent Authority: The Board makes the decision. * Where the General Manager is the Competent Authority: The Chairman makes the decision. * Where the Competent Authority is decided by the Board under Regulation 2(1)(g)(iii): The General Manager makes the decision. Impact Analysis: Employees (Officer Scale III, IV, and V): * Impact: Decisions regarding these officers now fall under the Chairman's authority as the Competent Authority. * Action Required: Be aware that the Chairman is now the relevant authority for specific regulatory decisions. Employees (Officer Scale I and II): * Impact: The General Manager is now the Competent Authority for decisions pertaining to these officers. * Action Required: Be aware that the General Manager is now the relevant authority for specific regulatory decisions. Employees (Group B & C): * Impact: An officer (not below scale IV), as decided by the board, is the competent authority. * Action Required: Be aware of the officer assigned to be the relevant authority for specific regulatory decisions. Chairman: * Impact: The chairman's responsibilities regarding regulatory decisions have changed. * Action Required: The chairman must take action when the General Manager is the Competent Authority. General Manager: * Impact: The General Manager's responsibilities regarding regulatory decisions have changed. * Action Required: The General Manager must take action when the board decides on the Competent Authority. Board of Directors: * Impact: The Board's role in determining the Competent Authority for Group B and C employees and decision-making processes involving the Chairman has been defined. * Action Required: The board must decide an officer (not below scale IV) for Group B and C employees and be prepared to take action where the Chairman is the Competent Authority.

Key Entities Referenced

Saptagiri Grameena Bank: Name of the Regional Rural Bank (RRB) whose service regulations are being amended. Chittoor, Andhra Pradesh: Location of the Head Office of Saptagiri Grameena Bank, as mentioned in the notification. Regional Rural Bank Act, 1976: The act under which the Saptagiri Grameena Bank operates and which provides the power to the Board of Directors to make regulations. Indian Bank: The Sponsor Bank for Saptagiri Grameena Bank. National Bank for Agriculture and Rural Development (NABARD): An organisation consulted during the amendment of the service regulations. Saptagiri Grameena Bank Officers and Employees Service Regulations, 2010: The original service regulations being amended by this notification. Saptagiri Grameena Bank Service Amendment Regulations, 2013: The name given to the amended regulations. K.S. Sudhakara Rao: Chairman of Saptagiri Grameena Bank.
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