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Punjab National Bank Officer Employees (Discipline & Appeal) Regulations, 1977 - Page No.1 of 5
In exercise of the powers conferred by Section 19 of the Banking Companies (Acquisition and Transfger of Undertakings) Act, 1970 (5 of 1970), the Board of Directors ofPunjabNationalBank in consulttion with the Reserve Bank of India and with previous sanction of the Central Government hereby makes the following regulations namely:-
Short title and commencement (Regulation 1)
These regulations may be called Punjab National Bank Officer Emplowees'(Discipline and Appeal) Regulations, 1977
They shall come into force on 1-1-1977
Application (Regulation 2)
These reglations shall apply to all officer employees of the Bank, but shall not apply to-
the Chairman of the bank;
the Managing Director of the bank;
any Wholetime Director, if any;
Those who are in casual employment or paid from contingencies;
the award staff; and
the officers on contrtact.
Definitions (Regulation 3)
In these regulations, unless the context otherwise requires:
Act: means the Banking Companies(Acquisition & Trtansfer of Undertakings) Act, 1970(5 of 1970);
appellate authority: means the authority specified in the Schedule to dispose of appeals;
Award Staff: means the person covered by the Award as defined in the Industrial Disputes (Banking Companies) Decision Act, 195 (41 of 1955);
Bank: means Punjab National Bank;
Board: means the Board of Directors of the Bank;
Competent Authority: means the authority appointed by the Board for the purpose of these regulations;
Disciplinary Authority: means the authority specified in the schedule which iscompetent to impose on an officer employee any of the penalties specified in regulation 4;
Government: meansthe Central Government;
Managing Director: means the Managing Director ofthe bnk;
officer employee: means a person who holds a supervisory or managerial post in the bank or any other person who hasbeen appointed and functioning as an officer of the bank, by whatever designations called and includes a person whose services are temporarily placed at the disposal of the Central Government or a State Government or any other Government undertaking or any other publicsector bank or the Reserve Bank of India or any other organisation, but shall not include casual, work charged or the award staff
public financial institutions mean-
The Industrial Credit and Investment Corporation of India Limited, a company owned and registered under the Companies Act, 1956(1 of 1956);
The Industrial Finance Corporation of India, established under section 3 of the Industrial Finance Corporation Act, 1948 (15 of 1948);
The Industrial Development Bank of India, established under Section 3 of the Industrial Development Bank of India Act, 1964 (18 of 1964)
The Life Insurance Corporation of India, established under Section 3 of the Life Insurance Corporation Act, 1956 (31 of 1956);
The Unit Trust of India, established under section 3 of the Unit Trust of IndiaAct, 1963 (52 of 1963);
Any other financial institution which is declared by the Central Government by notification to be a public finanial institution;
item not found
Public Servant means- a personas defined as Public Servant in Section 21 of the Indian Penal Code (45 of 1860);
Reviewing Authority means the authority specified in the Schedule;
Schedule means the Schedule appended to these regulations.
4. Penalties
The following are the penalties which may be imposed on an officer employee, for acts of misconduct or for any other good and sufficient reasons.
Minor Penalties
Censure;
Withholding of increments of pay with or without cumulative effect;
Withholding of promotion;
recovery from pay or such other amount as may be due to him of the whole or part of any pecuniary loss caused to the bank by negligence or breach of orders.
Major Penalties
reduction to a lower grade or post, or to a lower stage in a time scale;
compulsory retirement;
removal from service which shall not be a disqualification for future employment;
dismissal which shall ordinarily be a disqualification for future employment.
Explanation: The following shall not amount to a penalty within the meaning of this regulation:-
withholding of one or more increments of an officer employee on account of his failure to pass a prescribed departmental test or examination in accordance with the terms of appointment to the post which he holds;
Stoppage of pay of an officer employee at the efficiency bar in a time scale, on the ground of his unfitness to cross the bar;
non-promotion, whether in a offiating capacity or otherwise, of an officer employee, to a higher grade or post for which he may be eligible for considertion but for which he is found unsuitable after consideration of his case;
reversion to a lower grade or post, of an officer employee officiating in a higher grade or post, on the ground that he is considered, after trial, to be unsuitable for such higher grade or post, or on administrative grounds unconnected with his conduct;
reversion to his previous grade or post, of an officer employee appointed on probation to another grade or post, during or at the end of the period of probation, in accordance with the terms of his appointment or rules or orders governing such probation;
reversion of an officer employee to his parent organisation in case he has come on deputation;
te(vii)rmination of service-
of an officer employee appointed on probation, during or at the end of the period of probation, in accordance with the terms of his appointment, or the rules or orders governing such probation;
of an officer employee appointed in a temporary capacity otherwise than under a contract or agreement, on the expiration of the period for which he was appointed, or earlier in accordance with the terms of his appointment;
of an officer employee appointed under a contract or agreement, in accordance with the terms of such contract or agreement, and
of an officer employee on abolition of post;
retirement of an officer employee on his attaining the age of superannuation in accordance with the rules and orders governing such superannuation;
termination of employment of a permanent officer employee by giing 3 months notice or on payment of 3 mlonths pay and allowances in lieu of notice.
termination of employment of an officer employee on medical grounds, if he is declared unfit to continue in bank's service by the bank's medical officer.
Authority to Institute Disciplinary Proceeding and Impose Penalties (rule 5)
The Managing Director or any other authority empowered by him by general or special order may institute or direct the Disciplinary Authority to institute disciplinary proceedings against an officer employee of the bank
The Disciplinary Authority may himself institute disciplinary proceedings.
The Disciplinary Authority or any authority higher than it, may impose any of the penalties specified in Regulation 4 on any officer employee.
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