Vigilance Angle in Public Sector Banks – Amendment/Modification to Para 8.1 of Chapter VIII of Vigilance Manual, 2021: CVC

Vigilance Angle in Public Sector Banks – Amendment/Modification to Para 8.1 of Chapter VIII of Vigilance Manual, 2021: CVC Circular dated 29.08.2022

CENTRAL VIGILANCE COMMISSION
Satarkta Bhawan, G.P.O. Complex.
Block A, INA, New Delhi-10023

No. 022/VGL/044
Dated: 29.08.2022

Circular No. 16/08/22

Subject: Amendment/Modification to Para 8.1 of Chapter VIII of Vigilance Manual, 2021 — Vigilance Angle in Public Sector Banks — Reg.

Central Vigilance Commission, in Paras 1.4.1. 1.4.2 and 1.4.3 of Chapter I of Vigilance Manual. 2021 has prescribed the broad parameters within which the existence of Vigilance angle in any matter. involving an irregularity, is to be decided. In addition, vide Para 8.1 of Chapter VIII of Vigilance Manual 2021, the type of misconducts, which may have identifiable vigilance angle in matters specific to Public Sector Banks have been outlined.

3. Commission has been approached tor clarification regarding the scope of definition of vigilance angle in misconducts pertaining to Public Sector Banks with reference to Para 8.1 of Chapter VIII of Vigilance Manual 2021 and also the provisions of Paras 1.4.1, 1.4.2 and 1.4.2 of Chapter I of Vigilance Manual, 2021.

4. The issue has been considered in the Commission and it has been decided to amend Para 8.1 of Chapter VIET of Vigilance Manual. 2027 in order to clarify that “vigilance angle” in respect of misconducts in Public Sector Banks ts to be decided in the light of broad parameters given in Paras 1.4.1, 1.4.2 and 1.4.3 of Chapter-I, to be read with the provisions of Para 8.1 of Chapter- VIII of Vigilance Manual 2021.

5. The amended Para 8.1 of Chapter- VIII of Vigilance Manual, 2021 is enclosed as Annexure *A*. which may be noted for compliance and future reference.

(Rajiv Verma)
Director

Vigilance Manual (updated 2021) Eighth Edition by Central Vigilance Commission

Source: CVC