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Fundamental reset in training of Public Sector Bank officers

in National October 1, 2020 Comments Off on Fundamental reset in training of Public Sector Bank officers 419 Views

New Delhi:1/10/20: Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman today launched a uniform training program, including modules on preventive vigilance, for induction and mid-level training for officers of Public Sector banks (PSBs). The virtual function was attended by Shri Sanjay Kothari, Chief Vigilance Commissioner, the top management of Indian Banks’ Association and PSBs, and senior officials of the Department of Financial Services.

The curriculum for the uniform training system has been designed in consultation with all stakeholders, including the Central Vigilance Commission and the bank management. The uniform system seeks to institutionalize and standardize the training imparted to young bank officers at the time of their joining, and subsequently at the mid-level stage of their career. The training is aimed at equipping bank officers with a proper understanding of banking rules and procedures, as well as errors and deviations that could potentially result in vigilance cases.

The Finance Minister expressed the hope that this initiative will go a long way in enabling bank officers to handle their responsibilities correctly and prudently, without making unintended mistakes due to lack of awareness of rules and procedures that could expose them to vigilance related proceedings. She further stated that the initiative will enable young officers to assume leadership positions in the future. Such training will also equip officers with product knowledge, emerging technologies, and data mining skills; develop their team spirit and sense of ethics, and bring about a positive attitudinal change in them.

Smt. Sitharaman emphasized that bank customers will also be benefitted as a result, as well-trained officers attending to their banking requirements would make their banking experience pleasant and hassle-free.

The Finance Minister exhorted the bank management to be conscious of the importance of this initiative and to leave no stones unturned in making it a success.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
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