Bank's puns and cashiers involved in punitive action against NPAs in banks

Mumbai, Ta. 11 December 2019, Wednesday

Not only is bank officials punished for non-performing assets (NPAs) in the country's banks, they have also been penalized for blaming NPAs for the banks' pune and cashiers.

In response to a question raised in the context of a decline in the profitability of public sector banks, the finance minister himself. Arun Jaitley said on December 5 that five employees of the public sector bank were fined in the financial year of 2-3 years for increasing NPAs.

However, not everyone is the manager of the banks. Those convicted included cashiers and a pune in addition to the bank's managers, the Right to Information (RTI) application found.

Of the combined NPAs of scheduled scheduled commercial banks in the country, 5% of NPAs are from public sector banks. Jaitley said at the time that he was punished for committing wrongdoing by bank employees, which included measures such as penalty penalties, removal from service, discontinuation of promotions, reduction of positions.

According to the amount involved in each of these cases, action was taken such as police case or CBI probe. In July this year, Finance Minister Nirmala Sitaraman told the Lok Sabha that in the last five financial years, 5 bank employees were held responsible for NPAs.

An RTI application by an activist revealed information such as how many penalties an employee received, what was his designation, etc.

The list, though mostly bank managers of various levels, has also been punished in the case of a bank - pun-cum-housekeeper, five cashiers, two clerks. No chairman, deputy director or managing director of a public sector bank has been punished in these cases because they do not fall under the staff disciplinary rules. Although these executives are likely to be prosecuted under other laws, most banks have not provided this information.