Bank of Baroda Transfers officers as per CVC Advice

New Delhi Feb 19: The Central Vigilance Commission has initiated steps to ensure that no more scams take place in the banks. The CVC on Monday issued an advisory to all the public sector banks ordering them to transfer the officers who have completed three years as on December 31, 2017.

CVC has also advised that "the transfer of all clerical staff who have completed five years as on December 31, 2017, should be done immediately".

The Bank of Board has acted upon the advice and issued a circular which states that "as per Central Vigilance Commission guidelines, all officers should be rotated every 3 years. Further, as per Bank's Transfer Policy for Officers, no officer should be retained in the same post for a period in excess of 3 years and in the same station (municipal limits) for a period in excess of 5 years."